Commonwealth Bank of Australia Stock Rating Reaffirmed by Credit Suisse (CBA)
Commonwealth Bank of Australia (ASX: CBA)‘s stock had its “underperform” rating reaffirmed by research analysts at Credit Suisse in a report released on Monday. They currently have a $55.67 (53 AUD) target price on the stock.
Commonwealth Bank of Australia traded up 0.30% on Monday, hitting A$57.570. Commonwealth Bank of Australia has a 1-year low of A$45.390 and a 1-year high of A$58.050. The company has a market cap of A$91.265 billion and a price-to-earnings ratio of 13.55.
Separately, analysts at Nomura reiterated a “reduce” rating on shares of Commonwealth Bank of Australia in a research note to investors on Thursday, October 25th. They now have a $55.15 price target on the stock.
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.