Jefferies Financial Group set a €6.20 ($7.29) target price on Commerzbank (ETR:CBK) in a report published on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft set a €6.00 ($7.06) price objective on Commerzbank and gave the company a neutral rating in a research report on Friday, February 12th. UBS Group set a €4.70 ($5.53) price objective on Commerzbank and gave the company a sell rating in a research report on Monday, March 22nd. JPMorgan Chase & Co. set a €5.40 ($6.35) price objective on Commerzbank and gave the company a neutral rating in a research report on Friday, April 23rd. Independent Research set a €4.20 ($4.94) price objective on Commerzbank and gave the company a sell rating in a research report on Friday, March 26th. Finally, Credit Suisse Group set a €5.00 ($5.88) price objective on Commerzbank and gave the company a neutral rating in a research report on Friday, February 12th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. Commerzbank presently has a consensus rating of Hold and an average price target of €5.65 ($6.65).
Shares of CBK stock opened at €6.50 ($7.64) on Wednesday. Commerzbank has a 1-year low of €2.81 ($3.31) and a 1-year high of €5.96 ($7.01). The stock’s 50-day moving average is €5.27 and its 200 day moving average is €5.26. The company has a market cap of $8.14 billion and a P/E ratio of -2.79.
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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