Commerzbank (ETR:CBK) Given a €7.40 Price Target at UBS Group
UBS Group set a €7.40 ($8.60) price target on Commerzbank (ETR:CBK) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other brokerages also recently issued reports on CBK. Independent Research set a €7.70 ($8.95) price objective on Commerzbank and gave the stock a neutral rating in a research report on Monday, March 18th. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on Commerzbank and gave the stock a buy rating in a research report on Thursday, May 23rd. Credit Suisse Group set a €8.00 ($9.30) price objective on Commerzbank and gave the stock a neutral rating in a research report on Thursday, May 9th. Nord/LB set a €6.50 ($7.56) price objective on Commerzbank and gave the stock a neutral rating in a research report on Thursday, February 14th. Finally, Kepler Capital Markets set a €5.80 ($6.74) target price on Commerzbank and gave the stock a sell rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of €8.94 ($10.39).
Shares of CBK opened at €6.11 ($7.11) on Tuesday. Commerzbank has a 1 year low of €5.50 ($6.40) and a 1 year high of €9.81 ($11.41). The stock has a market cap of $7.66 billion and a PE 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 two segments, Private and Small-Business Customers and Corporate Clients segments.
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