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).
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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