Commerzbank (CBK) Given a €8.50 Price Target by Kepler Capital Markets Analysts

Commerzbank (ETR:CBK) received a €8.50 ($9.88) price objective from equities researchers at Kepler Capital Markets in a note issued to investors on Thursday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Kepler Capital Markets’ price target indicates a potential downside of 0.84% from the company’s previous close.

CBK has been the topic of several other research reports. HSBC set a €13.00 ($15.12) price target on shares of Commerzbank and gave the stock a “buy” rating in a research note on Tuesday, July 24th. UBS Group set a €10.20 ($11.86) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, August 22nd. Credit Suisse Group set a €9.00 ($10.47) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, October 3rd. Morgan Stanley set a €10.00 ($11.63) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, September 12th. Finally, JPMorgan Chase & Co. set a €11.00 ($12.79) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Thursday, June 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of €10.51 ($12.22).

Commerzbank stock opened at €8.57 ($9.97) on Thursday. Commerzbank has a 12-month low of €7.82 ($9.09) and a 12-month high of €13.82 ($16.07).

About Commerzbank

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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