Goldman Sachs Group Reiterates “€9.60” Price Target for Commerzbank (ETR:CBK)

Goldman Sachs Group set a €9.60 ($11.16) target price on Commerzbank (ETR:CBK) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

CBK has been the subject of several other research reports. UBS Group set a €7.40 ($8.60) price target on shares of Commerzbank and gave the company a neutral rating in a research report on Tuesday, June 11th. JPMorgan Chase & Co. set a €7.50 ($8.72) price target on shares of Commerzbank and gave the company a neutral rating in a research report on Thursday, July 4th. Independent Research set a €9.50 ($11.05) price target on shares of Commerzbank and gave the company a buy rating in a research report on Friday, June 28th. Royal Bank of Canada set a €7.00 ($8.14) price target on shares of Commerzbank and gave the company a neutral rating in a research report on Wednesday. Finally, Kepler Capital Markets set a €5.80 ($6.74) price target on shares of Commerzbank and gave the company a sell rating in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of €7.91 ($9.19).

ETR CBK opened at €5.25 ($6.11) on Wednesday. Commerzbank has a 52 week low of €5.16 ($6.00) and a 52 week high of €9.66 ($11.23). The stock has a market cap of $6.58 billion and a price-to-earnings ratio of 9.10. The company’s 50-day simple moving average is €6.24.

Commerzbank Company Profile

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 two segments, Private and Small-Business Customers and Corporate Clients segments.

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Analyst Recommendations for Commerzbank (ETR:CBK)

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