Commerzbank (CBK) Given “Neutral” Rating at UBS

UBS restated their neutral rating on shares of Commerzbank (ETR:CBK) in a research note published on Monday.

CBK has been the subject of a number of other research reports. Deutsche Bank set a €10.50 ($12.50) target price on Commerzbank and gave the company a neutral rating in a report on Wednesday, October 18th. Royal Bank of Canada set a €9.00 ($10.71) target price on Commerzbank and gave the company a neutral rating in a report on Friday, December 1st. J P Morgan Chase & Co set a €9.60 ($11.43) target price on Commerzbank and gave the company a neutral rating in a report on Thursday, October 19th. Nord/LB set a €9.50 ($11.31) target price on Commerzbank and gave the company a sell rating in a report on Thursday, November 9th. Finally, Independent Research set a €10.00 ($11.90) target price on Commerzbank and gave the company a sell rating in a report on Monday, September 25th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of €10.23 ($12.17).

Shares of Commerzbank (ETR:CBK) opened at €12.63 ($15.03) on Monday. Commerzbank has a twelve month low of €6.97 ($8.30) and a twelve month high of €12.84 ($15.29).

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