HSBC Reiterates “€10.00” Price Target for Commerzbank (CBK)

Commerzbank (ETR:CBK) has been assigned a €10.00 ($11.63) price target by research analysts at HSBC in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price indicates a potential upside of 33.30% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Deutsche Bank set a €10.00 ($11.63) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Tuesday, December 4th. Royal Bank of Canada set a €8.50 ($9.88) price target on Commerzbank and gave the stock a “buy” rating in a research note on Wednesday, December 26th. Credit Suisse Group set a €8.00 ($9.30) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Friday, January 25th. Warburg Research set a €6.70 ($7.79) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Monday, February 11th. Finally, Independent Research set a €7.50 ($8.72) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of €9.01 ($10.48).

Shares of CBK stock opened at €7.50 ($8.72) on Tuesday. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €12.09 ($14.05). The stock has a market cap of $9.32 billion and a PE ratio of 10.72.

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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Analyst Recommendations for Commerzbank (ETR:CBK)

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