UBS Group set a €10.20 ($11.86) price objective on Commerzbank (ETR:CBK) in a research report sent to investors on Wednesday, August 22nd, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other research firms also recently weighed in on CBK. HSBC set a €13.00 ($15.12) target price on Commerzbank and gave the company a buy rating in a report on Monday, June 11th. Credit Suisse Group set a €8.50 ($9.88) price objective on Commerzbank and gave the company a sell rating in a research note on Tuesday, July 31st. Independent Research set a €10.00 ($11.63) price objective on Commerzbank and gave the company a neutral rating in a research note on Tuesday, June 5th. Royal Bank of Canada set a €10.50 ($12.21) target price on Commerzbank and gave the stock a neutral rating in a research report on Friday, June 1st. Finally, Warburg Research set a €8.80 ($10.23) target price on Commerzbank and gave the stock a neutral rating in a research report on Monday, July 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of €10.45 ($12.15).
Shares of Commerzbank stock traded up €0.07 ($0.08) on Wednesday, hitting €8.82 ($10.26). The stock had a trading volume of 7,590,283 shares, compared to its average volume of 8,870,000. Commerzbank has a 52-week low of €7.82 ($9.09) and a 52-week high of €13.82 ($16.07).
Commerzbank Company Profile
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 Private and Small-Business Customers; Corporate Clients; and Asset & Capital Recovery segments.
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