JPMorgan Chase & Co. set a €7.50 ($8.72) price target on Commerzbank (ETR:CBK) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other analysts have also commented on CBK. Kepler Capital Markets set a €5.80 ($6.74) price target on Commerzbank and gave the company a sell rating in a report on Thursday, May 9th. Berenberg Bank set a €8.00 ($9.30) price target on Commerzbank and gave the company a neutral rating in a report on Thursday, May 9th. Jefferies Financial Group set a €7.00 ($8.14) price target on Commerzbank and gave the company a neutral rating in a report on Thursday, June 20th. DZ Bank restated a buy rating on shares of Commerzbank in a report on Thursday, July 4th. Finally, Independent Research set a €9.50 ($11.05) price target on Commerzbank and gave the company a buy rating in a report on Friday, June 28th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. Commerzbank presently has a consensus rating of Hold and an average target price of €7.91 ($9.19).
Shares of Commerzbank stock opened at €5.25 ($6.11) on Wednesday. The company has a market capitalization of $6.58 billion and a price-to-earnings ratio of 9.10. The firm has a 50-day moving average price of €6.24. Commerzbank has a one year low of €5.16 ($6.00) and a one year high of €9.66 ($11.23).
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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