HSBC set a €7.50 ($8.33) target price on Commerzbank AG (ETR:CBK) in a research note released on Friday morning. The brokerage currently has a a buy rating on the stock.

CBK has been the subject of several other reports. Independent Research GmbH set a €6.00 ($6.67) price objective on shares of Commerzbank AG and gave the stock a neutral rating in a report on Tuesday, August 2nd. Warburg Research set a €6.10 ($6.78) price objective on shares of Commerzbank AG and gave the stock a neutral rating in a report on Friday, August 26th. Bank of America Corp. set a €6.60 ($7.33) price objective on shares of Commerzbank AG and gave the stock a neutral rating in a report on Wednesday, July 20th. Barclays PLC restated a sell rating on shares of Commerzbank AG in a report on Monday, August 1st. Finally, Nord/LB set a €8.50 ($9.44) price objective on shares of Commerzbank AG and gave the stock a buy rating in a report on Tuesday, August 2nd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of €7.91 ($8.79).

Commerzbank AG (ETR:CBK) opened at 6.039 on Friday. Commerzbank AG has a 12-month low of €5.16 and a 12-month high of €10.86. The firm has a 50-day moving average of €5.95 and a 200 day moving average of €6.86. The company has a market capitalization of €7.56 billion and a PE ratio of 9.555.

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