Barclays set a €5.00 ($5.88) target price on Commerzbank (ETR:CBK) in a report issued on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the financial services provider’s stock.
A number of other brokerages have also recently commented on CBK. Nord/LB set a €5.50 ($6.47) price target on Commerzbank and gave the company a neutral rating in a research report on Friday, February 12th. Jefferies Financial Group set a €6.20 ($7.29) price objective on Commerzbank and gave the company a neutral rating in a research note on Thursday, February 11th. Royal Bank of Canada set a €6.50 ($7.65) price objective on Commerzbank and gave the company a neutral rating in a research note on Thursday, February 11th. The Goldman Sachs Group set a €7.10 ($8.35) price objective on Commerzbank and gave the company a neutral rating in a research note on Tuesday, February 23rd. Finally, Credit Suisse Group set a €5.00 ($5.88) price objective on Commerzbank and gave the company a neutral rating in a research note on Friday, February 12th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Commerzbank presently has an average rating of Hold and an average price target of €5.37 ($6.32).
Shares of ETR CBK opened at €5.22 ($6.14) on Wednesday. Commerzbank has a one year low of €2.81 ($3.31) and a one year high of €5.96 ($7.01). The business’s fifty day moving average price is €5.36 and its 200-day moving average price is €5.09. The stock has a market capitalization of $6.53 billion and a PE ratio of -2.24.
Commerzbank Company Profile
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. The company offers accounts, commercial payments, payment enabling, clearing and custody services, and other services; trade services, including documentary collection, letters of credit, guarantee, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, schuldschein, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
Further Reading: Are sell-side analysts objective?
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