Independent Research Analysts Give Commerzbank (ETR:CBK) a €5.40 Price Target
Commerzbank (ETR:CBK) received a €5.40 ($6.28) target price from stock analysts at Independent Research in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm presently has a “sell” rating on the financial services provider’s stock. Independent Research’s price target would suggest a potential downside of 18.06% from the company’s current price.
CBK has been the subject of several other reports. Deutsche Bank set a €5.00 ($5.81) price objective on Commerzbank and gave the stock a “neutral” rating in a research report on Monday, January 27th. Morgan Stanley set a €4.80 ($5.58) price objective on Commerzbank and gave the stock a “sell” rating in a research report on Friday, January 17th. DZ Bank reiterated a “neutral” rating on shares of Commerzbank in a research report on Thursday. Jefferies Financial Group set a €5.80 ($6.74) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Friday, January 24th. Finally, UBS Group set a €5.70 ($6.63) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Thursday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €6.03 ($7.01).
Shares of ETR CBK opened at €6.59 ($7.66) on Friday. The stock has a 50 day simple moving average of €5.51 and a 200-day simple moving average of €5.41. The company has a market cap of $8.25 billion and a PE ratio of 10.35. Commerzbank has a 12-month low of €4.66 ($5.42) and a 12-month high of €8.26 ($9.60).
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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