Commerzbank (ETR:CBK – Get Rating) received a €11.00 ($11.34) target price from equities research analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Thursday, Borsen Zeitung reports. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 51.93% from the company’s previous close.
CBK has been the topic of a number of other reports. Berenberg Bank set a €7.00 ($7.22) price objective on shares of Commerzbank in a research report on Tuesday, June 14th. JPMorgan Chase & Co. set a €8.50 ($8.76) target price on shares of Commerzbank in a research note on Wednesday. Morgan Stanley set a €10.70 ($11.03) price objective on shares of Commerzbank in a research note on Thursday, June 30th. Warburg Research set a €7.65 ($7.89) target price on shares of Commerzbank in a report on Tuesday. Finally, UBS Group set a €8.90 ($9.18) target price on shares of Commerzbank in a report on Wednesday.
Commerzbank Price Performance
Shares of Commerzbank stock opened at €7.24 ($7.46) on Thursday. Commerzbank has a 1 year low of €5.01 ($5.16) and a 1 year high of €9.51 ($9.81). The firm has a market cap of $9.07 billion and a PE ratio of 19.16. The company has a 50 day simple moving average of €7.09 and a two-hundred day simple moving average of €7.16.
Commerzbank Company Profile
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
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