UBS Group set a €4.60 ($5.41) price objective on Commerzbank (ETR:CBK) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a sell rating on the financial services provider’s stock.
CBK has been the topic of a number of other research reports. Deutsche Bank set a €4.00 ($4.71) target price on Commerzbank and gave the company a neutral rating in a report on Wednesday, August 5th. DZ Bank reiterated a sell rating on shares of Commerzbank in a report on Wednesday, August 5th. JPMorgan Chase & Co. set a €5.00 ($5.88) target price on Commerzbank and gave the company a neutral rating in a report on Thursday, September 3rd. Royal Bank of Canada set a €4.00 ($4.71) target price on Commerzbank and gave the company a neutral rating in a report on Wednesday, August 5th. Finally, Kepler Capital Markets set a €7.00 ($8.24) target price on Commerzbank and gave the company a buy rating in a report on Friday, July 10th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of €5.04 ($5.93).
CBK stock opened at €4.76 ($5.60) on Monday. Commerzbank has a 52-week low of €2.80 ($3.30) and a 52-week high of €6.83 ($8.04). The stock’s fifty day simple moving average is €4.74 and its 200-day simple moving average is €4.04. The stock has a market capitalization of $5.96 billion and a price-to-earnings ratio of 40.68.
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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