UBS Group Analysts Give Commerzbank (CBK) a €11.60 Price Target
UBS Group set a €11.60 ($14.32) price objective on Commerzbank (ETR:CBK) in a research report sent to investors on Thursday, www.boersen-zeitung.de reports. The firm currently has a sell rating on the financial services provider’s stock.
Several other equities research analysts have also recently weighed in on the stock. Royal Bank of Canada set a €12.50 ($15.43) target price on shares of Commerzbank and gave the company a neutral rating in a research note on Friday, January 26th. Warburg Research set a €11.10 ($13.70) target price on shares of Commerzbank and gave the company a neutral rating in a research note on Thursday, January 25th. Macquarie set a €11.00 ($13.58) target price on shares of Commerzbank and gave the company a sell rating in a research note on Tuesday, January 23rd. Deutsche Bank set a €11.50 ($14.20) target price on shares of Commerzbank and gave the company a neutral rating in a research note on Tuesday, January 23rd. Finally, Nord/LB set a €9.50 ($11.73) target price on shares of Commerzbank and gave the company a sell rating in a research note on Thursday, January 18th. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €11.02 ($13.60).
Shares of Commerzbank (ETR CBK) opened at €11.95 ($14.75) on Thursday. Commerzbank has a one year low of €6.97 ($8.60) and a one year high of €13.82 ($17.06).
Commerzbank Company Profile
COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.
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