Commerzbank AG (CBK) Receives €9.01 Consensus Target Price from Analysts
Commerzbank AG (ETR:CBK) has received a consensus recommendation of “Hold” from the nineteen analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is €9.01 ($10.48).
CBK has been the subject of several recent research reports. JPMorgan Chase & Co. set a €11.00 ($12.79) price target on Commerzbank and gave the stock a “buy” rating in a research report on Monday, January 7th. Royal Bank of Canada set a €8.50 ($9.88) price target on Commerzbank and gave the stock a “buy” rating in a research report on Tuesday, January 1st. HSBC set a €10.00 ($11.63) price target on Commerzbank and gave the stock a “buy” rating in a research report on Tuesday, December 18th. Finally, UBS Group reissued a “buy” rating on shares of Commerzbank in a research report on Wednesday, January 16th.
Commerzbank stock traded up €0.10 ($0.12) during mid-day trading on Monday, hitting €7.73 ($8.99). 8,088,306 shares of the company were exchanged, compared to its average volume of 8,870,000. The company has a market capitalization of $9.68 billion and a price-to-earnings ratio of 11.19. Commerzbank has a 12-month low of €5.50 ($6.40) and a 12-month high of €11.16 ($12.97).
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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