Royal Bank of Canada set a €8.00 ($9.30) price objective on Commerzbank (ETR:CBK) in a research note released on Wednesday, May 8th, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other brokerages have also issued reports on CBK. Independent Research set a €7.70 ($8.95) price target on Commerzbank and gave the company a neutral rating in a research note on Monday, March 18th. Nord/LB set a €6.50 ($7.56) price objective on Commerzbank and gave the stock a neutral rating in a research report on Thursday, February 14th. Credit Suisse Group set a €8.00 ($9.30) price target on Commerzbank and gave the company a neutral rating in a research report on Friday, January 25th. Kepler Capital Markets set a €5.80 ($6.74) price objective on Commerzbank and gave the company a sell rating in a research note on Friday, April 26th. Finally, DZ Bank reissued a buy rating on shares of Commerzbank in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of €8.94 ($10.39).
ETR:CBK traded down €0.12 ($0.14) during mid-day trading on Wednesday, hitting €6.30 ($7.33). 7,551,133 shares of the stock were exchanged, compared to its average volume of 8,870,000. The stock has a market cap of $7.89 billion and a P/E ratio of 10.81. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €11.06 ($12.86).
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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