Commerzbank (ETR:CBK) Given a €7.80 Price Target by JPMorgan Chase & Co. Analysts

Commerzbank (ETR:CBKGet Rating) received a €7.80 ($8.21) price target from equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 24.44% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Deutsche Bank Rese… set a €10.00 ($10.53) price target on Commerzbank in a report on Wednesday, April 27th. Berenberg Bank set a €7.00 ($7.37) price objective on Commerzbank in a research note on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft set a €11.00 ($11.58) price objective on Commerzbank in a research note on Wednesday, March 2nd. Morgan Stanley set a €10.70 ($11.26) price objective on Commerzbank in a research note on Thursday, April 7th. Finally, Royal Bank of Canada set a €8.20 ($8.63) price objective on Commerzbank in a research note on Tuesday, April 26th. Three research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of €8.37 ($8.81).

Shares of CBK opened at €6.27 ($6.60) on Thursday. The company has a market capitalization of $7.85 billion and a P/E ratio of 27.02. Commerzbank has a one year low of €5.01 ($5.27) and a one year high of €9.51 ($10.01). The stock has a 50-day moving average price of €6.63 and a 200 day moving average price of €7.02.

Commerzbank Company Profile (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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