Goldman Sachs Group set a €10.40 ($12.09) price target on Commerzbank (ETR:CBK) in a report issued on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
Several other equities research analysts also recently issued reports on CBK. Morgan Stanley set a €9.00 ($10.47) price target on Commerzbank and gave the stock a neutral rating in a report on Tuesday, January 15th. UBS Group restated a buy rating on shares of Commerzbank in a report on Wednesday, January 16th. Royal Bank of Canada set a €8.50 ($9.88) price target on Commerzbank and gave the stock a buy rating in a report on Friday, January 18th. Credit Suisse Group set a €8.00 ($9.30) price target on Commerzbank and gave the stock a neutral rating in a report on Friday, January 25th. Finally, HSBC set a €10.00 ($11.63) price target on Commerzbank and gave the stock a buy rating in a report on Monday, January 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of €9.09 ($10.57).
Shares of Commerzbank stock opened at €7.78 ($9.05) on Monday. Commerzbank has a 1 year low of €5.50 ($6.40) and a 1 year high of €11.06 ($12.86). The stock has a market capitalization of $9.74 billion and a price-to-earnings ratio of 13.34.
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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