Commerzbank (CBK) PT Set at €12.50 by Royal Bank of Canada

Commerzbank (ETR:CBK) received a €12.50 ($14.88) price target from equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s target price would suggest a potential downside of 2.76% from the stock’s current price.

Several other equities research analysts also recently commented on the stock. DZ Bank reiterated a “sell” rating on shares of Commerzbank in a research report on Wednesday, October 25th. Citigroup reiterated a “buy” rating on shares of Commerzbank in a research report on Tuesday, November 21st. Deutsche Bank set a €10.50 ($12.50) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, October 18th. Morgan Stanley set a €11.15 ($13.27) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Kepler Capital Markets set a €11.00 ($13.10) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Five analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of €10.52 ($12.52).

Shares of Commerzbank (ETR:CBK) opened at €12.86 ($15.30) on Monday. Commerzbank has a 1 year low of €6.97 ($8.30) and a 1 year high of €12.83 ($15.27).

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