Commerzbank (ETR:CBK – Get Rating) has been given a €10.00 ($10.53) price target by stock analysts at Deutsche Bank Rese… in a note issued to investors on Friday, Borsen Zeitung reports. Deutsche Bank Rese…’s price target suggests a potential upside of 59.13% from the company’s current price.
CBK has been the topic of a number of other reports. Morgan Stanley set a €10.70 ($11.26) price target on shares of Commerzbank in a research note on Thursday, April 7th. Kepler Capital Markets set a €8.10 ($8.53) price target on shares of Commerzbank in a research note on Thursday, January 13th. The Goldman Sachs Group set a €9.70 ($10.21) price target on shares of Commerzbank in a research note on Thursday. Royal Bank of Canada set a €8.20 ($8.63) price target on shares of Commerzbank in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft set a €11.00 ($11.58) price target on shares of Commerzbank in a research note on Wednesday, March 2nd.
Shares of Commerzbank stock opened at €6.28 ($6.61) on Friday. The company has a market capitalization of $7.87 billion and a price-to-earnings ratio of 27.09. Commerzbank has a 12-month low of €5.01 ($5.27) and a 12-month high of €9.51 ($10.01). The firm’s 50-day moving average price is €6.62 and its two-hundred day moving average price is €7.02.
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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