Commerzbank (ETR:CBK – Get Rating) has been assigned a €9.00 ($9.78) price target by stock analysts at Royal Bank of Canada in a research report issued on Friday, Borsen Zeitung reports. Royal Bank of Canada’s target price points to a potential downside of 6.25% from the company’s previous close.
A number of other equities research analysts also recently weighed in on CBK. JPMorgan Chase & Co. set a €9.80 ($10.65) price objective on Commerzbank in a research report on Tuesday, December 6th. Warburg Research set a €10.70 ($11.63) price objective on Commerzbank in a research report on Wednesday, January 4th. Berenberg Bank set a €9.50 ($10.33) price target on Commerzbank in a research note on Monday, November 21st. Deutsche Bank Aktiengesellschaft set a €11.00 ($11.96) price target on Commerzbank in a research note on Thursday, November 10th. Finally, Barclays set a €10.00 ($10.87) price target on Commerzbank in a research note on Friday, January 13th.
Commerzbank Price Performance
Shares of CBK stock opened at €9.60 ($10.43) on Friday. Commerzbank has a 1-year low of €5.17 ($5.62) and a 1-year high of €9.51 ($10.34). The stock’s 50-day moving average is €8.52 and its 200 day moving average is €7.65. The company has a market cap of $12.02 billion and a P/E ratio of 10.21.
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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