Pareto Securities set a €6.00 ($6.98) price target on Commerzbank (ETR:CBK) in a research note released on Thursday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
Other equities research analysts also recently issued research reports about the company. Deutsche Bank set a €5.00 ($5.81) price objective on Commerzbank and gave the company a neutral rating in a report on Monday, January 27th. UBS Group set a €5.70 ($6.63) price objective on Commerzbank and gave the company a neutral rating in a report on Thursday. Goldman Sachs Group set a €7.20 ($8.37) price objective on Commerzbank and gave the company a neutral rating in a report on Monday, January 20th. Morgan Stanley set a €4.80 ($5.58) price objective on Commerzbank and gave the company a sell rating in a report on Friday, January 17th. Finally, DZ Bank reissued a neutral rating on shares of Commerzbank in a report on Thursday, November 7th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the stock. Commerzbank has an average rating of Hold and an average target price of €6.06 ($7.05).
Shares of CBK opened at €6.61 ($7.69) on Thursday. Commerzbank has a 52-week low of €4.66 ($5.42) and a 52-week high of €8.26 ($9.60). The business’s fifty day moving average is €5.53 and its 200-day moving average is €5.41. The firm has a market cap of $8.28 billion and a price-to-earnings ratio of 10.38.
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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