Commerzbank (0RLW) Receives a Rating Update from a Top Analyst

J.P. Morgan analyst Kian Abouhossein maintained a Hold rating on Commerzbank today and set a price target of €36.00.

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Abouhossein covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and Standard Chartered. According to TipRanks, Abouhossein has an average return of 25.2% and a 72.70% success rate on recommended stocks.

In addition to J.P. Morgan, Commerzbank also received a Hold from RBC Capital’s Anke Reingen in a report issued today. However, on the same day, Deutsche Bank maintained a Buy rating on Commerzbank (LSE: 0RLW).

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 €6.74 billion and had a net profit of €538 million

Based on the recent corporate insider activity of 20 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0RLW in relation to earlier this year.