Nord/LB set a €6.50 ($7.56) target price on Commerzbank (ETR:CBK) in a research note published on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
CBK has been the topic of several other research reports. Deutsche Bank set a €5.00 ($5.81) price objective on shares of Commerzbank and gave the company a neutral rating in a research note on Monday, January 27th. Goldman Sachs Group set a €7.20 ($8.37) price objective on shares of Commerzbank and gave the company a neutral rating in a research note on Monday, January 20th. HSBC set a €8.20 ($9.53) price objective on shares of Commerzbank and gave the company a buy rating in a research note on Monday, October 28th. Morgan Stanley set a €4.80 ($5.58) price objective on shares of Commerzbank and gave the company a sell rating in a research note on Friday, January 17th. Finally, Pareto Securities set a €6.00 ($6.98) price objective on shares of Commerzbank and gave the company a neutral rating in a research note on Thursday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of €6.06 ($7.05).
Commerzbank stock traded up €0.19 ($0.22) during trading hours on Thursday, hitting €6.61 ($7.69). The company had a trading volume of 19,094,224 shares, compared to its average volume of 8,870,000. The firm has a market capitalization of $8.28 billion and a P/E ratio of 10.38. The firm’s fifty day moving average is €5.51 and its 200-day moving average is €5.41. Commerzbank has a fifty-two week low of €4.66 ($5.42) and a fifty-two week high of €8.26 ($9.60).
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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