Commerzbank (ETR:CBK) has been assigned a €5.70 ($6.63) price target by investment analysts at UBS Group in a report issued on Thursday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential downside of 13.77% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group set a €5.80 ($6.74) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, January 24th. DZ Bank restated a “neutral” rating on shares of Commerzbank in a report on Thursday, November 7th. Nord/LB set a €5.75 ($6.69) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, January 17th. Royal Bank of Canada set a €6.00 ($6.98) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, January 17th. Finally, Independent Research set a €5.00 ($5.81) target price on shares of Commerzbank and gave the company a “sell” rating in a report on Tuesday, January 7th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the stock. Commerzbank currently has a consensus rating of “Hold” and a consensus target price of €6.06 ($7.05).
ETR:CBK opened at €6.61 ($7.69) on Thursday. The firm has a 50-day moving average price of €5.53 and a two-hundred day moving average price of €5.41. Commerzbank has a twelve month low of €4.66 ($5.42) and a twelve month high of €8.26 ($9.60). The company has a market capitalization of $8.28 billion and a P/E 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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