Commerzbank (0RLW) Gets a Hold from Deutsche Bank

In a report released today, Benjamin Goy from Deutsche Bank maintained a Hold rating on Commerzbank, with a price target of €35.00. The company’s shares closed yesterday at €31.29.

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According to TipRanks, Goy is a 5-star analyst with an average return of 15.0% and a 65.56% success rate. Goy covers the Financial sector, focusing on stocks such as London Stock Exchange, Commerzbank, and UBS Group AG.

The word on The Street in general, suggests a Hold analyst consensus rating for Commerzbank with a €33.26 average price target, representing a 6.29% upside. In a report released on October 14, RBC Capital also maintained a Hold rating on the stock with a €33.00 price target.

Based on Commerzbank’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €6.27 billion and a net profit of €462 million. In comparison, last year the company earned a revenue of €2.52 billion and had a net profit of €538 million