Independent Research set a €9.50 ($11.05) target price on Commerzbank (ETR:CBK) in a research report sent to investors on Thursday morning. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other research analysts also recently commented on CBK. Royal Bank of Canada set a €9.75 ($11.34) target price on Commerzbank and gave the company a neutral rating in a research note on Friday, July 13th. Deutsche Bank set a €10.00 ($11.63) target price on Commerzbank and gave the company a neutral rating in a research note on Wednesday, July 18th. HSBC set a €13.00 ($15.12) price target on Commerzbank and gave the stock a buy rating in a research note on Tuesday, July 24th. Warburg Research set a €8.80 ($10.23) price target on Commerzbank and gave the stock a neutral rating in a research note on Monday, July 30th. Finally, Credit Suisse Group set a €8.50 ($9.88) price target on Commerzbank and gave the stock a sell rating in a research note on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. Commerzbank currently has a consensus rating of Hold and an average price target of €10.20 ($11.86).
Shares of ETR CBK opened at €8.71 ($10.13) on Thursday. Commerzbank has a one year low of €7.82 ($9.09) and a one year high of €13.82 ($16.07).
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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