JPMorgan Chase & Co. set a €6.50 ($7.56) price target on Commerzbank (ETR:CBK) in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the financial services provider’s stock.
CBK has been the topic of several other reports. Warburg Research set a €7.00 ($8.14) price objective on Commerzbank and gave the stock a neutral rating in a report on Wednesday, July 31st. Deutsche Bank set a €7.00 ($8.14) price objective on Commerzbank and gave the stock a neutral rating in a report on Thursday, August 8th. Jefferies Financial Group set a €7.00 ($8.14) price objective on Commerzbank and gave the stock a neutral rating in a report on Thursday, June 20th. DZ Bank reiterated a neutral rating on shares of Commerzbank in a report on Wednesday, August 7th. Finally, Goldman Sachs Group set a €9.60 ($11.16) price objective on Commerzbank and gave the stock a neutral rating in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of €7.53 ($8.75).
CBK stock opened at €5.70 ($6.63) on Tuesday. Commerzbank has a 12-month low of €4.66 ($5.42) and a 12-month high of €9.66 ($11.23). The stock has a market cap of $7.14 billion and a price-to-earnings ratio of 9.88. The business’s 50-day moving average is €5.37 and its 200 day moving average is €6.55.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
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