Commerzbank (ETR:CBK) PT Set at €4.80 by Morgan Stanley

Commerzbank (ETR:CBK) has been given a €4.80 ($5.58) price target by equities researchers at Morgan Stanley in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 9.50% from the company’s current price.

CBK has been the topic of several other reports. Kepler Capital Markets set a €5.10 ($5.93) target price on Commerzbank and gave the company a “sell” rating in a report on Thursday, November 28th. JPMorgan Chase & Co. set a €6.00 ($6.98) price objective on shares of Commerzbank and gave the company a “neutral” rating in a research report on Thursday, November 7th. Credit Suisse Group set a €6.50 ($7.56) price objective on shares of Commerzbank and gave the company a “neutral” rating in a research note on Monday, September 23rd. Deutsche Bank set a €5.00 ($5.81) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, HSBC set a €8.20 ($9.53) target price on shares of Commerzbank and gave the company a “buy” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the stock. Commerzbank currently has a consensus rating of “Hold” and a consensus target price of €6.20 ($7.21).

Shares of CBK traded down €0.16 ($0.19) during midday trading on Friday, reaching €5.30 ($6.17). 9,508,003 shares of the company were exchanged, 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 €8.26 ($9.60). The stock has a 50-day moving average price of €5.48 and a 200-day moving average price of €5.55. The company has a market cap of $6.69 billion and a price-to-earnings ratio of 8.33.

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.

See Also: Bid-Ask Spread

Analyst Recommendations for Commerzbank (ETR:CBK)

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