Deutsche Bank Gives Hold Rating to Commonwealth Bank of Australia (CBA)
Commonwealth Bank of Australia (ASX: CBA)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a report issued on Wednesday. They currently have a $62.32 (59 AUD) target price on the stock.
Shares of Commonwealth Bank of Australia traded up 0.66% during mid-day trading on Wednesday, hitting A$62.700. 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$99.397 billion and a P/E ratio of 14.71.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “reduce” rating on shares of Commonwealth Bank of Australia in a research note to investors on Thursday, January 10th. They now have a $56.32 price target on the stock. Finally, analysts at Macquarie reiterated an “outperform” rating on shares of Commonwealth Bank of Australia in a research note to investors on Wednesday, December 19th. They now have a $29.40 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.