Commerzbank (ETR:CBK) PT Set at €6.00 by Royal Bank of Canada

Royal Bank of Canada set a €6.00 ($6.19) price objective on Commerzbank (ETR:CBKGet Rating) in a research report released on Wednesday morning, Borsen Zeitung reports.

Several other analysts have also recently issued reports on CBK. Berenberg Bank set a €7.00 ($7.22) price objective on shares of Commerzbank in a research note on Tuesday, June 14th. Deutsche Bank Aktiengesellschaft set a €11.00 ($11.34) price objective on shares of Commerzbank in a report on Monday, July 18th. Warburg Research set a €7.65 ($7.89) price objective on shares of Commerzbank in a report on Tuesday. JPMorgan Chase & Co. set a €8.20 ($8.45) target price on shares of Commerzbank in a report on Wednesday, July 20th. Finally, Morgan Stanley set a €10.70 ($11.03) price objective on shares of Commerzbank in a report on Thursday, June 30th.

Commerzbank Stock Up 2.1 %

CBK stock opened at €7.24 ($7.46) on Wednesday. The stock has a market capitalization of $9.07 billion and a P/E ratio of 19.16. The firm has a 50-day simple moving average of €7.09 and a 200-day simple moving average of €7.16. Commerzbank has a 52 week low of €5.01 ($5.16) and a 52 week high of €9.51 ($9.81).

Commerzbank Company Profile

(Get Rating)

Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

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