Commerzbank (ETR:CBK) PT Set at €3.00 by Deutsche Bank

Commerzbank (ETR:CBK) has been given a €3.00 ($3.37) price objective by investment analysts at Deutsche Bank in a report issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s price objective would indicate a potential downside of 24.24% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Kepler Capital Markets set a €2.50 ($2.81) price target on Commerzbank and gave the stock a “sell” rating in a research report on Tuesday, June 9th. Morgan Stanley set a €3.10 ($3.48) price target on Commerzbank and gave the stock a “sell” rating in a research report on Monday, May 4th. DZ Bank reaffirmed a “sell” rating on shares of Commerzbank in a research report on Wednesday, May 13th. HSBC set a €5.00 ($5.62) price target on Commerzbank and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Finally, UBS Group set a €3.50 ($3.93) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, June 17th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of €4.34 ($4.88).

CBK opened at €3.96 ($4.45) on Tuesday. The stock has a 50-day moving average price of €3.74 and a 200-day moving average price of €4.41. The firm has a market cap of $4.97 billion and a PE ratio of 21.88. Commerzbank has a 1 year low of €2.80 ($3.15) and a 1 year high of €6.83 ($7.68).

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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