Goldman Sachs Reaffirms Their Hold Rating on Commerzbank (0RLW)

In a report released today, Chris Hallam from Goldman Sachs maintained a Hold rating on Commerzbank, with a price target of €39.00.

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According to TipRanks, Hallam is a top 100 analyst with an average return of 28.4% and a 78.09% success rate. Hallam covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and ING GROEP.

In addition to Goldman Sachs, Commerzbank also received a Hold from Barclays’s Krishnendra Dubey in a report issued on February 20. However, on February 11, 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 14 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.