Commerzbank (OTCMKTS:CRZBY) Sets New 1-Year High - Should You Buy?

Key Points

• Commerzbank shares reached a new 52-week high of $46.45, up from a previous close of $45.36. The stock’s market capitalization is approximately $50.91 billion, with a P/E ratio of 15.27.
• Analyst sentiment is positive overall, with one Strong Buy, five Buy and four Hold ratings, producing a consensus rating of Moderate Buy.
• Institutional investor Rhumbline Advisers increased its Commerzbank stake by 22.3% during the third quarter, ending the period with shares valued at approximately $260,000.

Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) shares hit a new 52-week high on Tuesday . The stock traded as high as $46.45 and last traded at $46.45, with a volume of 213 shares. The stock had previously closed at $45.36.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRZBY. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Commerzbank in a research note on Tuesday, May 12th. DZ Bank upgraded shares of Commerzbank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 11th. Citigroup reaffirmed a "neutral" rating on shares of Commerzbank in a research report on Monday, August 10th. Finally, Commerzbank upgraded shares of Commerzbank from an "overweight" rating to a "buy" rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Commerzbank Price Performance

The company has a debt-to-equity ratio of 1.62, a current ratio of 12.24 and a quick ratio of 12.24. The business's 50-day moving average price is $43.67 and its two-hundred day moving average price is $41.35. The firm has a market cap of $50.91 billion, a price-to-earnings ratio of 15.27 and a beta of 0.55.

Institutional Investors Weigh In On Commerzbank

An institutional investor recently raised its stake in Commerzbank stock. Rhumbline Advisers lifted its stake in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 22.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,876 shares of the financial services provider's stock after purchasing an additional 1,252 shares during the quarter. Rhumbline Advisers' holdings in Commerzbank were worth $260,000 at the end of the most recent reporting period.

Commerzbank Company Profile

Commerzbank AG is a major German banking group headquartered in Frankfurt am Main. Founded in 1870, the bank operates as a universal financial institution offering a broad range of services to private customers, small and medium-sized enterprises (the German “Mittelstand”), and large corporates. Its core business lines include retail and corporate banking, transaction banking, capital markets and investment banking, as well as asset and wealth management.

On the retail side, Commerzbank provides everyday banking products such as deposit accounts, payment services, consumer loans, mortgages and digital banking channels for individual customers.

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