Commerzbank (ETR:CBK) Given a €9.00 Price Target by HSBC Analysts
HSBC set a €9.00 ($10.47) price target on Commerzbank (ETR:CBK) in a research note published on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other analysts also recently weighed in on the stock. Royal Bank of Canada downgraded shares of Zayo Group from an outperform rating to a sector perform rating and boosted their price target for the stock from $33.00 to $35.00 in a research note on Wednesday, May 8th. UBS Group set a $210.00 price target on shares of Alibaba Group and gave the stock a buy rating in a research note on Tuesday, June 11th. Jefferies Financial Group boosted their price target on shares of Oracle from $61.00 to $66.00 and gave the stock a buy rating in a research note on Thursday, June 20th. JPMorgan Chase & Co. reaffirmed a top pick rating on shares of in a research note on Thursday, July 4th. Finally, Credit Suisse Group set a €38.00 ($44.19) price objective on shares of Dialog Semiconductor and gave the company a buy rating in a research note on Thursday, May 9th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. Commerzbank presently has an average rating of Hold and a consensus target price of €8.67 ($10.08).
Commerzbank stock opened at €6.21 ($7.23) on Thursday. The company has a market capitalization of $7.78 billion and a P/E ratio of 10.77. The stock has a fifty day simple moving average of €6.31. Commerzbank has a twelve month low of €5.50 ($6.40) and a twelve month high of €9.66 ($11.23).
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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