Commonwealth Bank of Australia Stock Rating Reaffirmed by Macquarie (CBA)
Commonwealth Bank of Australia (ASX: CBA)‘s stock had its “neutral” rating restated by analysts at Macquarie in a research report issued to clients and investors on Monday. They currently have a $55.69 (53 AUD) price target on the stock.
CBA has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “reduce” rating on shares of Commonwealth Bank of Australia in a research note to investors on Friday, November 30th. They now have a $55.73 price target on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of Commonwealth Bank of Australia in a research note to investors on Monday, November 5th. They now have a $55.67 price target on the stock.
Commonwealth Bank of Australia remained flat at A$60.900 during trading on Monday. Commonwealth Bank of Australia has a 52-week low of A$45.390 and a 52-week high of A$59.660. The company has a market cap of A$96.544 billion and a price-to-earnings ratio of 14.38.
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.
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