Commerzbank (ETR:CBK) Given a €5.70 Price Target at UBS Group
UBS Group set a €5.70 ($6.63) price target on Commerzbank (ETR:CBK) in a report released on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other equities analysts have also recently weighed in on the company. HSBC set a €8.20 ($9.53) price objective on Commerzbank and gave the company a buy rating in a report on Monday, October 28th. Royal Bank of Canada set a €6.00 ($6.98) price objective on Commerzbank and gave the company a neutral rating in a report on Friday, January 17th. Kepler Capital Markets set a €5.10 ($5.93) price objective on Commerzbank and gave the company a sell rating in a report on Thursday, November 28th. JPMorgan Chase & Co. set a €6.00 ($6.98) price objective on Commerzbank and gave the company a neutral rating in a report on Monday, January 20th. Finally, DZ Bank reissued a neutral rating on shares of Commerzbank in a report on Thursday, November 7th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of €6.06 ($7.05).
Shares of ETR CBK traded up €0.19 ($0.22) during trading hours on Thursday, reaching €6.61 ($7.69). 19,094,224 shares of the stock traded hands, compared to its average volume of 8,870,000. The company has a market capitalization of $8.28 billion and a P/E ratio of 10.38. Commerzbank has a 52-week low of €4.66 ($5.42) and a 52-week high of €8.26 ($9.60). The company’s 50-day simple moving average is €5.51 and its two-hundred day simple moving average is €5.41.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
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