JPMorgan Chase & Co. set a €6.50 ($7.56) price objective on Commerzbank (ETR:CBK) in a research report report published on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other brokerages have also recently issued reports on CBK. Nord/LB set a €5.75 ($6.69) target price on Commerzbank and gave the company a neutral rating in a research report on Monday, August 12th. HSBC set a €9.00 ($10.47) target price on Commerzbank and gave the company a buy rating in a research report on Thursday, July 18th. Morgan Stanley set a €9.00 ($10.47) target price on Commerzbank and gave the company a neutral rating in a research report on Wednesday, August 7th. Royal Bank of Canada set a €7.00 ($8.14) target price on Commerzbank and gave the company a neutral rating in a research report on Wednesday, August 7th. Finally, Credit Suisse Group set a €6.50 ($7.56) target price on Commerzbank and gave the company a neutral rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of €7.53 ($8.75).
Shares of ETR CBK opened at €5.70 ($6.63) on Tuesday. The stock has a market capitalization of $7.14 billion and a PE ratio of 9.88. The stock’s fifty day simple moving average is €5.37 and its two-hundred day simple moving average is €6.55. Commerzbank has a 12-month low of €4.66 ($5.42) and a 12-month high of €9.66 ($11.23).
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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