Commerzbank (ETR:CBK) received a €8.00 ($9.30) price target from equities research analysts at Royal Bank of Canada in a report issued on Monday. The firm presently has a “buy” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 4.41% from the company’s previous close.
Several other equities research analysts also recently issued reports on CBK. Goldman Sachs Group set a €11.20 ($13.02) price target on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, November 20th. Morgan Stanley set a €9.50 ($11.05) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, November 27th. Deutsche Bank set a €10.00 ($11.63) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, December 4th. Independent Research set a €7.50 ($8.72) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Monday, December 10th. Finally, DZ Bank reiterated a “buy” rating on shares of Commerzbank in a research note on Wednesday, December 12th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of €9.01 ($10.48).
Shares of ETR:CBK traded up €0.51 ($0.59) during midday trading on Monday, hitting €7.66 ($8.91). The company’s stock had a trading volume of 19,654,707 shares, compared to its average volume of 8,870,000. The company has a market cap of $9.53 billion and a P/E ratio of 10.95. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €12.09 ($14.05).
Commerzbank Company Profile
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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