Shares of Commerzbank AG (ETR:CBK – Get Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €7.24 ($7.46) and traded as high as €8.09 ($8.34). Commerzbank shares last traded at €8.02 ($8.27), with a volume of 5,310,328 shares traded.
Analyst Upgrades and Downgrades
CBK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a €11.00 ($11.34) target price on shares of Commerzbank in a research note on Thursday, November 10th. Barclays set a €8.00 ($8.25) target price on shares of Commerzbank in a research note on Wednesday, November 9th. JPMorgan Chase & Co. set a €8.60 ($8.87) price target on Commerzbank in a report on Wednesday, November 9th. Royal Bank of Canada set a €7.50 ($7.73) price target on Commerzbank in a report on Wednesday, November 9th. Finally, UBS Group set a €8.90 ($9.18) price target on Commerzbank in a report on Wednesday, September 7th.
Commerzbank Price Performance
The firm has a market capitalization of $10.05 billion and a price-to-earnings ratio of 7.23. The company has a fifty day moving average price of €7.81 and a two-hundred day moving average price of €7.24.
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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