BBY Limited Gives Buy Rating to Commonwealth Bank of Australia (CBA)
Commonwealth Bank of Australia (ASX: CBA)‘s stock had its “buy” rating restated by analysts at BBY Limited in a research report issued to clients and investors on Wednesday. They currently have a $67.37 (64 AUD) price target on the stock.
A number of other analysts have also recently weighed in on CBA. Analysts at Nomura reiterated a “neutral” rating on shares of Commonwealth Bank of Australia in a research note to investors on Monday. They now have a $27.89 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Commonwealth Bank of Australia in a research note to investors on Wednesday, January 16th. They now have a $62.32 price target on the stock.
Shares of Commonwealth Bank of Australia opened at 62.670 on Wednesday. Commonwealth Bank of Australia has a 52 week low of A$45.390 and a 52 week high of A$58.050. The stock’s 50-day moving average is currently A$55.24. The company has a market cap of A$99.349 billion and a P/E ratio of 14.77.
Commonwealth Bank of Australia (the Bank) is engaged in the provision of a range of banking and financial products and services to retail, small business, corporate and institutional clients.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.