Commerzbank (ETR:CBK) received a €7.00 ($8.14) price target from equities research analysts at Deutsche Bank in a research report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s price target indicates a potential upside of 12.65% from the stock’s previous close.
CBK has been the subject of several other reports. DZ Bank reaffirmed a “buy” rating on shares of Hugo Boss in a research note on Thursday, July 4th. HSBC raised shares of Banco Santander-Chile from a “reduce” rating to a “hold” rating in a research note on Thursday. Kepler Capital Markets set a €112.00 ($130.23) target price on shares of LEG Immobilien and gave the company a “buy” rating in a research note on Thursday, May 9th. UBS Group set a $210.00 price objective on shares of Alibaba Group and gave the stock a “buy” rating in a research note on Tuesday, June 11th. Finally, Goldman Sachs Group raised shares of Altria Group from a “neutral” rating to a “buy” rating and set a $59.00 price objective for the company in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €8.67 ($10.08).
CBK opened at €6.21 ($7.23) on Friday. The stock has a market capitalization of $7.78 billion and a PE ratio of 10.77. The company’s fifty day moving average is €6.31. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €9.66 ($11.23).
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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