Commerzbank (CBK) PT Set at €10.00 by Morgan Stanley

Commerzbank (ETR:CBK) has been given a €10.00 ($11.63) price target by analysts at Morgan Stanley in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 14.76% from the company’s previous close.

Several other analysts also recently commented on the company. Goldman Sachs Group set a €11.00 ($12.79) price objective on Commerzbank and gave the company a “neutral” rating in a research note on Wednesday, September 12th. Deutsche Bank set a €10.00 ($11.63) price objective on Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, September 18th. JPMorgan Chase & Co. set a €10.50 ($12.21) price objective on Commerzbank and gave the company a “buy” rating in a research note on Tuesday, October 9th. Berenberg Bank set a €8.60 ($10.00) price objective on Commerzbank and gave the company a “neutral” rating in a research note on Monday, August 13th. Finally, Kepler Capital Markets set a €8.50 ($9.88) price objective on Commerzbank and gave the company a “sell” rating in a research note on Thursday, October 11th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of €10.19 ($11.85).

CBK opened at €8.71 ($10.13) on Thursday. Commerzbank has a 52 week low of €7.82 ($9.09) and a 52 week high of €13.82 ($16.07).

About Commerzbank

Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through Private and Small-Business Customers; Corporate Clients; and Asset & Capital Recovery segments.

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