Commerzbank (CBK) Given a €8.50 Price Target at Nord/LB

Nord/LB set a €8.50 ($9.88) target price on Commerzbank (ETR:CBK) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also recently weighed in on the company. UBS Group set a €10.20 ($11.86) price target on Commerzbank and gave the stock a buy rating in a research note on Wednesday. DZ Bank restated a buy rating on shares of Commerzbank in a research note on Wednesday. Jefferies Financial Group set a €8.10 ($9.42) price target on Commerzbank and gave the stock a neutral rating in a research note on Wednesday. Royal Bank of Canada set a €8.00 ($9.30) price target on Commerzbank and gave the stock a neutral rating in a research note on Wednesday. Finally, Independent Research set a €9.50 ($11.05) price target on Commerzbank and gave the stock a buy rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of €9.08 ($10.55).

Shares of CBK stock traded down €0.33 ($0.38) during mid-day trading on Wednesday, hitting €7.48 ($8.70). The company’s stock had a trading volume of 6,859,092 shares, compared to its average volume of 8,870,000. Commerzbank has a 52-week low of €5.50 ($6.40) and a 52-week high of €11.06 ($12.86). The stock has a market capitalization of $9.36 billion and a P/E ratio of 10.82.

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 two segments, Private and Small-Business Customers and Corporate Clients segments.

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