Commerzbank (ETR:CBK) has been assigned a €9.50 ($11.05) price target by equities research analysts at Independent Research in a report released on Thursday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Independent Research’s price target indicates a potential upside of 15.71% from the company’s previous close.
Other equities analysts have also recently issued reports about the company. DZ Bank reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Tuesday, August 7th. HSBC set a €13.00 ($15.12) price objective on Commerzbank and gave the company a “buy” rating in a research report on Monday, June 11th. Morgan Stanley set a €11.50 ($13.37) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Friday, June 29th. Deutsche Bank set a €10.00 ($11.63) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Finally, Goldman Sachs Group set a €11.75 ($13.66) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, August 7th. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of €10.46 ($12.16).
Shares of CBK opened at €8.21 ($9.55) on Thursday. Commerzbank has a 52 week low of €7.82 ($9.09) and a 52 week high of €13.82 ($16.07).
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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