Commerzbank (ETR:CBK) Given a €5.00 Price Target by Independent Research Analysts

Commerzbank (ETR:CBK) has been given a €5.00 ($5.81) target price by investment analysts at Independent Research in a note issued to investors on Friday, Borsen Zeitung reports. The firm currently has a “sell” rating on the financial services provider’s stock. Independent Research’s price objective points to a potential downside of 10.02% from the company’s previous close.

A number of other equities research analysts have also weighed in on the stock. Jefferies Financial Group set a €7.00 ($8.14) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a report on Thursday. Goldman Sachs Group set a €9.60 ($11.16) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a report on Thursday. Nord/LB set a €5.75 ($6.69) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a report on Tuesday, October 29th. UBS Group set a €5.00 ($5.81) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a report on Thursday. Finally, Morgan Stanley set a €9.00 ($10.47) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a report on Wednesday, August 7th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of €7.06 ($8.21).

CBK stock traded down €0.20 ($0.23) during midday trading on Friday, reaching €5.56 ($6.46). The company had a trading volume of 5,840,094 shares, compared to its average volume of 8,870,000. Commerzbank has a 1 year low of €4.66 ($5.42) and a 1 year high of €8.94 ($10.40). The company has a market capitalization of $7.01 billion and a P/E ratio of 9.63. The firm has a 50-day moving average price of €5.35 and a 200-day moving average price of €6.09.

About Commerzbank

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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