Commerzbank (ETR:CBK) has been given a €6.00 ($6.98) price objective by investment analysts at Royal Bank of Canada in a research note issued on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price target would indicate a potential downside of 9.23% from the company’s previous close.
A number of other brokerages have also recently issued reports on CBK. Deutsche Bank set a €5.00 ($5.81) target price on Commerzbank and gave the stock a “neutral” rating in a report on Monday, January 27th. JPMorgan Chase & Co. set a €6.00 ($6.98) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Monday, January 20th. UBS Group set a €5.70 ($6.63) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Thursday. Goldman Sachs Group set a €7.20 ($8.37) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Monday, January 20th. Finally, DZ Bank reaffirmed a “neutral” rating on shares of Commerzbank in a research report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of €6.06 ($7.05).
Shares of CBK opened at €6.61 ($7.69) on Thursday. Commerzbank has a 1 year low of €4.66 ($5.42) and a 1 year high of €8.26 ($9.60). The stock has a market cap of $8.28 billion and a P/E ratio of 10.38. The stock’s 50-day moving average price is €5.53 and its two-hundred day moving average price is €5.41.
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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