Commonwealth Bank of Australia (ASX: CBA)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research note issued to investors on Wednesday. They currently have a $29.40 (28 AUD) price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase downgraded shares of Commonwealth Bank of Australia to an “underweight” rating in a research note to investors on Monday. They now have a $59.81 price target on the stock. Separately, 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 Nomura reiterated a “reduce” rating on shares of Commonwealth Bank of Australia in a research note to investors on Thursday, November 8th. They now have a $55.73 price target on the stock.

Shares of Commonwealth Bank of Australia remained flat at A$61.330 during during mid-day trading trading 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 company has a market cap of A$97.225 billion and a P/E ratio of 14.48.

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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