Commerzbank (ETR:CBK – Get Rating) has been assigned a €10.00 ($10.75) target price by equities research analysts at Deutsche Bank Rese… in a note issued to investors on Tuesday, Borsen Zeitung reports. Deutsche Bank Rese…’s target price would suggest a potential upside of 54.66% from the stock’s previous close.
CBK has been the subject of several other research reports. The Goldman Sachs Group set a €9.70 ($10.43) price target on Commerzbank in a report on Thursday, March 31st. Morgan Stanley set a €10.70 ($11.51) price target on Commerzbank in a report on Thursday, April 7th. Nord/LB set a €6.50 ($6.99) price target on Commerzbank in a report on Tuesday, January 4th. Berenberg Bank set a €7.00 ($7.53) price objective on Commerzbank in a research note on Thursday, March 3rd. Finally, UBS Group set a €7.00 ($7.53) price objective on Commerzbank in a research note on Wednesday, March 2nd. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, Commerzbank has an average rating of “Hold” and a consensus target price of €8.42 ($9.05).
ETR CBK traded up €0.02 ($0.02) during trading on Tuesday, hitting €6.47 ($6.95). The company’s stock had a trading volume of 6,502,757 shares, compared to its average volume of 8,870,000. The company has a market cap of $8.10 billion and a PE ratio of 27.87. The business’s 50 day simple moving average is €7.34 and its 200-day simple moving average is €6.98. Commerzbank has a fifty-two week low of €4.70 ($5.05) and a fifty-two week high of €9.51 ($10.23).
Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.
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