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Commerzbank share: experts don’t trust the MDAX value

Although the Commerzbank share reacts positively to the financial group’s quarterly figures today, it cannot again overcome the important chart-technical hurdle of 4.77 / 4.86 euros. After a daily high of 4.815 euros, the company’s share price is currently at 4.756 euros, up 4.8 percent. In contrast to the stock market, the analysts react quite calmly to the figures. So far, three experts have given their comments and none trust the MDAX value to jump. Instead, the ratings are confirmed.

The highest of the three course targets comes from Jefferies at EUR 4.40 and is accompanied by a “hold”. The experts rate the second quarter as good, but draw attention to burdens that the Commerzbank forecast holds out. The analysts at Deutsche Bank and RBC see the price target for the Commerzbank share at EUR 4.00 each. While Deutsche Bank rates the title “Hold”, RBC has a “Sector Perform”. Both analyst firms welcome the cost development at the company and rate Commerzbank’s quarterly figures positively.

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