Deutsche Bank Analysts Give Commerzbank (ETR:CBK) a €3.00 Price Target
Commerzbank (ETR:CBK) has been assigned a €3.00 ($3.37) target price by equities researchers at Deutsche Bank in a research note issued on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Deutsche Bank’s target price suggests a potential downside of 24.38% from the company’s previous close.
Other equities research analysts have also issued reports about the company. Goldman Sachs Group set a €5.20 ($5.84) price objective on Commerzbank and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Kepler Capital Markets set a €2.50 ($2.81) price objective on Commerzbank and gave the stock a “sell” rating in a research note on Tuesday, June 9th. Oddo Bhf set a €3.40 ($3.82) price objective on Commerzbank and gave the stock a “sell” rating in a research note on Thursday, April 16th. JPMorgan Chase & Co. set a €4.30 ($4.83) price objective on Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Finally, Nord/LB set a €3.50 ($3.93) price objective on Commerzbank and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Seven research analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €4.34 ($4.88).
ETR CBK opened at €3.97 ($4.46) on Tuesday. The stock has a market capitalization of $4.70 billion and a price-to-earnings ratio of 21.92. Commerzbank has a twelve month low of €2.80 ($3.15) and a twelve month high of €6.83 ($7.68). The stock has a 50-day moving average of €3.71 and a 200 day moving average of €4.42.
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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