Warburg Research raises price target for Commerzbank shares

Warburg Research raises price target for Commerzbank shares

Warburg Research recently conducted an in-depth analysis of Commerzbank shares. According to analyst Andreas Pläsier, the price target for Commerzbank was raised to 17.00 euros ahead of the first quarter figures, while the rating of “Buy” remained. It is expected that the core capital ratio has remained stable over the period mentioned. In addition, everything indicates that, based on the figures for the first half of the year, another share buyback is likely. The share has recorded growth of 29.4 percent in the year to date and posted gains in the XETRA session.

The Commerzbank share showed upward potential and recorded an increase of 0.3 percent to 13.93 euros in the XETRA session. This represents a potential increase of 22.08 percent compared to the current price target. With a trading volume of 1,853,214 shares via XETRA, investors' interest in Commerzbank shares remains. The financial results for the first quarter of 2024 are scheduled to be presented on May 15, 2024.

Finally, it should be noted that information on the obligation to disclose conflicts of interest on the part of the analyst firm Warburg Research can be found on the relevant website. The “Buy” rating and increase in the price target for Commerzbank shares may give investors clear direction for their investment decisions.