Commerzbank (CBK) PT Set at €6.35 by Nord/LB

Commerzbank (ETR:CBK) received a €6.35 ($7.38) target price from equities researchers at Nord/LB in a research note issued on Monday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Nord/LB’s price objective would suggest a potential downside of 16.59% from the stock’s previous close.

CBK has been the topic of several other research reports. DZ Bank reaffirmed a “buy” rating on shares of Commerzbank in a research report on Wednesday, December 12th. Royal Bank of Canada set a €8.50 ($9.88) target price on Commerzbank and gave the company a “buy” rating in a research report on Thursday, December 20th. UBS Group set a €10.20 ($11.86) target price on Commerzbank and gave the company a “buy” rating in a research report on Thursday, February 14th. HSBC set a €10.00 ($11.63) target price on Commerzbank and gave the company a “buy” rating in a research report on Monday, January 28th. Finally, Deutsche Bank set a €8.00 ($9.30) target price on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. Commerzbank has an average rating of “Hold” and a consensus price target of €9.04 ($10.51).

ETR:CBK traded up €0.47 ($0.55) on Monday, hitting €7.61 ($8.85). The company’s stock had a trading volume of 12,824,514 shares, compared to its average volume of 8,870,000. The firm has a market capitalization of $9.53 billion and a price-to-earnings ratio of 10.88. Commerzbank has a one year low of €5.50 ($6.40) and a one year high of €12.09 ($14.05).

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.

Featured Article: Purposes and Functions of the Federal Reserve

Analyst Recommendations for Commerzbank (ETR:CBK)

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.