Commerzbank (CBK) Given a €6.35 Price Target by Nord/LB Analysts
Commerzbank (ETR:CBK) has been assigned a €6.35 ($7.38) price target by Nord/LB in a report issued on Monday. The firm currently has a “sell” rating on the financial services provider’s stock. Nord/LB’s target price indicates a potential downside of 14.32% from the stock’s current price.
Other equities analysts have also issued reports about the company. DZ Bank reissued a “buy” rating on shares of Commerzbank in a report on Wednesday, December 12th. JPMorgan Chase & Co. set a €11.00 ($12.79) price objective on Commerzbank and gave the company a “buy” rating in a report on Monday, January 7th. Royal Bank of Canada set a €8.50 ($9.88) price objective on Commerzbank and gave the company a “buy” rating in a report on Tuesday, January 1st. HSBC set a €10.00 ($11.63) price objective on Commerzbank and gave the company a “buy” rating in a report on Tuesday, December 18th. Finally, UBS Group reissued a “buy” rating on shares of Commerzbank in a report on Wednesday, January 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of €9.01 ($10.48).
Shares of ETR CBK opened at €7.41 ($8.62) on Monday. Commerzbank has a 1-year low of €5.50 ($6.40) and a 1-year high of €12.09 ($14.05). The firm has a market cap of $9.28 billion and a price-to-earnings ratio of 10.59.
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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