Commerzbank (ETR:CBK) PT Set at €6.50 by Nord/LB

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Commerzbank (ETR:CBK) received a €6.50 ($7.56) price target from Nord/LB in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Nord/LB’s target price suggests a potential downside of 1.66% from the company’s current price.

Several other research analysts have also issued reports on the company. Morgan Stanley set a €4.80 ($5.58) price target on Commerzbank and gave the stock a “sell” rating in a report on Friday, January 17th. JPMorgan Chase & Co. set a €6.00 ($6.98) price target on Commerzbank and gave the stock a “neutral” rating in a report on Thursday. UBS Group set a €5.70 ($6.63) price target on Commerzbank and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group set a €5.80 ($6.74) price target on Commerzbank and gave the stock a “neutral” rating in a report on Friday, January 24th. Finally, Pareto Securities set a €6.00 ($6.98) price target on Commerzbank and gave the stock a “neutral” rating in a report on Thursday. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of €6.06 ($7.05).

Shares of Commerzbank stock opened at €6.61 ($7.69) on Thursday. Commerzbank has a one year low of €4.66 ($5.42) and a one year high of €8.26 ($9.60). The stock’s 50-day moving average is €5.53 and its 200 day moving average is €5.41. The firm has a market cap of $8.28 billion and a price-to-earnings ratio of 10.38.

Commerzbank Company Profile

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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