Commerzbank (ETR:CBK) Stock Price Crosses Above 200 Day Moving Average of $9.54

Commerzbank AG (ETR:CBK – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €9.54 ($10.37) and traded as high as €10.03 ($10.90). Commerzbank shares last traded at €9.97 ($10.84), with a volume of 5,243,963 shares changing hands.

Wall Street Analyst Weigh In

CBK has been the topic of several research reports. JPMorgan Chase & Co. set a €9.80 ($10.65) price target on shares of Commerzbank in a report on Thursday, February 16th. The Goldman Sachs Group set a €14.10 ($15.33) target price on shares of Commerzbank in a research report on Friday, February 24th. Deutsche Bank Aktiengesellschaft set a €15.00 ($16.30) target price on shares of Commerzbank in a research report on Friday, February 17th. Barclays set a €11.00 ($11.96) target price on shares of Commerzbank in a research report on Friday, February 17th. Finally, UBS Group set a €15.60 ($16.96) target price on shares of Commerzbank in a research report on Monday, March 6th.

Commerzbank Trading Down 2.8 %

The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.16 and a beta of 1.35. The stock’s 50-day moving average price is €9.85 and its 200-day moving average price is €9.54.

About Commerzbank

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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.