Commerzbank AG (OTCMKTS:CRZBY - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.30 and last traded at $26.01, with a volume of 32221 shares trading hands. The stock had previously closed at $25.08.
Analysts Set New Price Targets
Separately, Morgan Stanley reissued an "overweight" rating on shares of Commerzbank in a research note on Friday, March 7th.
Read Our Latest Stock Report on CRZBY
Commerzbank Trading Up 2.0 %
The company's 50 day moving average price is $20.44 and its 200-day moving average price is $17.97. The company has a market capitalization of $31.43 billion, a PE ratio of 13.89 and a beta of 0.96.
Institutional Trading of Commerzbank
A hedge fund recently raised its stake in Commerzbank stock. GAMMA Investing LLC increased its holdings in shares of Commerzbank AG (OTCMKTS:CRZBY - Free Report) by 5,506.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,850 shares of the financial services provider's stock after purchasing an additional 1,817 shares during the period. GAMMA Investing LLC's holdings in Commerzbank were worth $30,000 as of its most recent filing with the Securities and Exchange Commission.
About Commerzbank
(
Get Free Report)
Commerzbank AG provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally. It operates through two segments, Private and Small-Business Customers, and Corporate Clients.
Further Reading
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