Commerzbank (ETR:CBK) received a €6.50 ($7.65) target price from stock analysts at Royal Bank of Canada in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 33.90% from the stock’s current price.
Several other equities analysts have also commented on the company. JPMorgan Chase & Co. set a €5.00 ($5.88) target price on Commerzbank and gave the company a “neutral” rating in a report on Thursday, February 11th. The Goldman Sachs Group set a €7.10 ($8.35) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, February 23rd. Warburg Research set a €4.10 ($4.82) target price on Commerzbank and gave the stock a “sell” rating in a research report on Thursday, January 7th. Nord/LB set a €5.50 ($6.47) price target on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, February 12th. Finally, Independent Research set a €4.20 ($4.94) price objective on shares of Commerzbank and gave the stock a “sell” rating in a report on Friday, March 26th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Commerzbank has a consensus rating of “Hold” and a consensus target price of €5.51 ($6.49).
Shares of ETR:CBK opened at €4.85 ($5.71) on Monday. The company has a market cap of $6.08 billion and a PE ratio of -2.19. Commerzbank has a fifty-two week low of €2.81 ($3.31) and a fifty-two week high of €5.96 ($7.01). The firm has a 50-day simple moving average of €5.28 and a 200 day simple moving average of €5.15.
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. The company offers accounts, commercial payments, payment enabling, clearing and custody services, and other services; trade services, including documentary collection, letters of credit, guarantee, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, schuldschein, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
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