Commerzbank (ETR:CBK) Given a €8.20 Price Target at Royal Bank of Canada

Commerzbank (ETR:CBKGet Rating) has been given a €8.20 ($8.82) target price by equities research analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. Royal Bank of Canada’s price target would indicate a potential upside of 25.77% from the company’s current price.

Several other research firms also recently weighed in on CBK. UBS Group set a €7.00 ($7.53) price target on Commerzbank in a research note on Wednesday, March 2nd. Berenberg Bank set a €7.00 ($7.53) price objective on Commerzbank in a research report on Thursday, March 3rd. Deutsche Bank Rese… set a €10.00 ($10.75) price objective on Commerzbank in a research report on Tuesday. Deutsche Bank Aktiengesellschaft set a €11.00 ($11.83) price objective on Commerzbank in a research report on Wednesday, March 2nd. Finally, Kepler Capital Markets set a €8.10 ($8.71) price objective on Commerzbank in a research report on Thursday, January 13th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Commerzbank currently has an average rating of “Hold” and a consensus price target of €8.42 ($9.05).

Commerzbank stock opened at €6.52 ($7.01) on Wednesday. The company has a market capitalization of $8.17 billion and a P/E ratio of 28.10. The stock’s 50 day moving average is €7.29 and its 200 day moving average is €6.99. Commerzbank has a twelve month low of €4.70 ($5.05) and a twelve month high of €9.51 ($10.23).

About Commerzbank (Get Rating)

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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Analyst Recommendations for Commerzbank (ETR:CBK)

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