Commerzbank (ETR:CBK) received a €9.00 ($10.47) target price from equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 25.93% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Deutsche Bank set a €10.00 ($11.63) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Tuesday, December 4th. Morgan Stanley set a €9.50 ($11.05) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Tuesday, November 27th. Royal Bank of Canada set a €8.50 ($9.88) price target on Commerzbank and gave the stock a “buy” rating in a research note on Thursday, February 14th. Goldman Sachs Group set a €11.20 ($13.02) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Tuesday, November 20th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Commerzbank in a research note on Wednesday, December 12th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of €9.01 ($10.48).
Commerzbank stock opened at €7.15 ($8.31) on Thursday. Commerzbank has a 52 week low of €0.31 ($0.36) and a 52 week high of €13.82 ($16.07). The stock has a market cap of $274.45 million and a P/E ratio of -8.80.
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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