Independent Research GmbH Reiterates “€9.50” Price Target for Commerzbank Ag (CBK)
Independent Research GmbH set a €9.50 ($11.18) price objective on Commerzbank Ag (ETR:CBK) in a research report released on Wednesday morning. The firm currently has a sell rating on the financial services provider’s stock.
CBK has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) set a €8.45 ($9.94) target price on shares of Commerzbank Ag and gave the company a neutral rating in a report on Tuesday, April 25th. Deutsche Bank AG set a €8.00 ($9.41) target price on shares of Commerzbank Ag and gave the company a neutral rating in a report on Tuesday, May 16th. Barclays PLC set a €6.00 ($7.06) target price on shares of Commerzbank Ag and gave the company a sell rating in a report on Saturday, May 20th. J P Morgan Chase & Co set a €9.60 ($11.29) target price on shares of Commerzbank Ag and gave the company a neutral rating in a report on Friday, July 21st. Finally, Citigroup Inc. set a €12.00 ($14.12) target price on shares of Commerzbank Ag and gave the company a buy rating in a report on Friday, June 23rd. Six investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of €8.96 ($10.54).
Commerzbank Ag (ETR CBK) opened at 11.579 on Wednesday. Commerzbank Ag has a 1-year low of €5.16 and a 1-year high of €11.63. The stock has a market cap of €14.50 billion and a price-to-earnings ratio of 44.364. The firm’s 50 day moving average price is €10.41 and its 200-day moving average price is €8.94.
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About Commerzbank Ag
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