Morgan Stanley Analysts Give Commerzbank (ETR:CBK) a €9.00 Price Target
Morgan Stanley set a €9.00 ($10.47) price target on Commerzbank (ETR:CBK) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
Several other research analysts have also issued reports on the stock. UBS Group set a €7.40 ($8.60) target price on shares of Commerzbank and gave the stock a neutral rating in a research report on Tuesday, June 11th. Royal Bank of Canada set a €7.00 ($8.14) price target on shares of Commerzbank and gave the stock a neutral rating in a research note on Wednesday. Warburg Research set a €7.00 ($8.14) price target on shares of Commerzbank and gave the stock a neutral rating in a research note on Wednesday, July 31st. Kepler Capital Markets set a €5.80 ($6.74) price target on shares of Commerzbank and gave the stock a sell rating in a research note on Thursday, May 9th. Finally, Independent Research set a €9.50 ($11.05) price target on shares of Commerzbank and gave the stock a buy rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Commerzbank currently has a consensus rating of Hold and an average target price of €7.91 ($9.19).
Shares of ETR:CBK opened at €5.25 ($6.11) on Wednesday. Commerzbank has a 52-week low of €5.16 ($6.00) and a 52-week high of €9.66 ($11.23). The stock has a fifty day moving average of €6.24. The stock has a market capitalization of $6.58 billion and a price-to-earnings ratio of 9.10.
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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