Commerzbank (ETR:CBK) PT Set at €9.60 by Goldman Sachs Group

Commerzbank (ETR:CBK) has been assigned a €9.60 ($11.16) target price by equities research analysts at Goldman Sachs Group in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price target indicates a potential upside of 71.77% from the stock’s current price.

A number of other research analysts have also recently weighed in on CBK. JPMorgan Chase & Co. set a €6.00 ($6.98) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Monday, September 30th. Credit Suisse Group set a €6.50 ($7.56) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Monday, September 23rd. DZ Bank reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Monday, September 30th. UBS Group reaffirmed a “neutral” rating on shares of Commerzbank in a research note on Tuesday, October 15th. Finally, Warburg Research set a €7.00 ($8.14) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have given a buy rating to the company’s stock. Commerzbank presently has a consensus rating of “Hold” and an average target price of €7.06 ($8.21).

Shares of CBK opened at €5.59 ($6.50) on Tuesday. The firm has a 50 day simple moving average of €5.40 and a 200-day simple moving average of €6.20. Commerzbank has a 1-year low of €4.66 ($5.42) and a 1-year high of €8.94 ($10.40). The stock has a market cap of $7.00 billion and a price-to-earnings ratio of 9.69.

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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Analyst Recommendations for Commerzbank (ETR:CBK)

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