Commerzbank (CBK) PT Set at €9.50 by Independent Research

Commerzbank (ETR:CBK) has been given a €9.50 ($11.05) price objective by equities researchers at Independent Research in a report issued on Wednesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Independent Research’s price objective points to a potential upside of 23.96% from the company’s current price.

A number of other brokerages have also commented on CBK. Royal Bank of Canada set a €8.50 ($9.88) price objective on Commerzbank and gave the company a “buy” rating in a research report on Friday, January 18th. Nord/LB set a €6.50 ($7.56) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Thursday, February 14th. Credit Suisse Group set a €8.00 ($9.30) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Friday, January 25th. Kepler Capital Markets set a €5.80 ($6.74) price objective on Commerzbank and gave the company a “sell” rating in a research report on Friday, April 26th. Finally, DZ Bank reiterated a “buy” rating on shares of Commerzbank in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of €9.16 ($10.66).

Shares of CBK opened at €7.66 ($8.91) on Wednesday. The firm has a market capitalization of $9.70 billion and a price-to-earnings ratio of 11.09. Commerzbank has a 52 week low of €5.50 ($6.40) and a 52 week high of €11.06 ($12.86).

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 two segments, Private and Small-Business Customers and Corporate Clients segments.

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