Kepler Capital Markets set a €5.80 ($6.74) price target on Commerzbank (ETR:CBK) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a sell rating on the financial services provider’s stock.
A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. set a €8.75 ($10.17) price objective on Commerzbank and gave the company a buy rating in a research note on Wednesday, April 24th. Royal Bank of Canada set a €8.00 ($9.30) price objective on Commerzbank and gave the company a neutral rating in a report on Thursday, April 25th. HSBC set a €10.00 ($11.63) price objective on Commerzbank and gave the company a buy rating in a report on Tuesday, March 19th. Deutsche Bank set a €8.00 ($9.30) price objective on Commerzbank and gave the company a neutral rating in a report on Tuesday, January 29th. Finally, Warburg Research set a €6.70 ($7.79) price objective on Commerzbank and gave the company a neutral rating in a report on Monday, February 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of €9.08 ($10.55).
Shares of ETR:CBK traded up €0.09 ($0.10) during midday trading on Thursday, reaching €7.57 ($8.80). The company’s stock had a trading volume of 5,176,346 shares, compared to its average volume of 8,870,000. The company has a market capitalization of $9.41 billion and a price-to-earnings ratio of 10.96. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €11.06 ($12.86).
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.
Further Reading: Leveraged Buyout (LBO)
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