Commonwealth Bank of Australia (OTCMKTS:CMWAY) Shares Gap Down – Should You Sell?

Commonwealth Bank of Australia Sponsored ADR (OTCMKTS:CMWAY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $107.77, but opened at $104.01. Commonwealth Bank of Australia shares last traded at $108.09, with a volume of 706 shares changing hands.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group set a $130.18 target price on shares of Commonwealth Bank of Australia and gave the stock a “sell” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Commonwealth Bank of Australia presently has an average rating of “Reduce” and an average price target of $130.18.

Commonwealth Bank of Australia Stock Performance

The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.10 and a current ratio of 1.10. The business has a fifty day moving average of $105.87 and a 200-day moving average of $110.91.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia is one of Australia’s largest banking and financial services organizations, offering a broad range of products for individual, business and institutional customers. Established by the federal government in 1911, the group has grown into a diversified financial services company that provides everyday banking, lending, payments, wealth management and insurance solutions. The company’s securities are listed on the Australian Securities Exchange and it also has American Depositary Receipts trading OTC under the symbol CMWAY.

Core activities include retail and business banking—deposit accounts, transaction services, mortgages, credit cards and personal and commercial lending—alongside institutional banking services such as corporate finance, markets and transaction banking.