Commerzbank (ETR:CBK) has been given a €10.00 ($11.63) price target by investment analysts at HSBC in a report released on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. HSBC’s target price points to a potential upside of 53.52% from the company’s current price.
CBK has been the subject of several other research reports. Morgan Stanley set a €9.00 ($10.47) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Jefferies Financial Group upped their price target on Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Warburg Research set a €145.00 ($168.60) price target on Nemetschek and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Goldman Sachs Group set a €15.00 ($17.44) target price on freenet and gave the company a “sell” rating in a research note on Monday, May 13th. Finally, JPMorgan Chase & Co. restated a “top pick” rating on shares of in a research note on Thursday, July 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company’s stock. Commerzbank currently has a consensus rating of “Hold” and an average price target of €8.77 ($10.20).
Shares of CBK traded up €0.10 ($0.12) during trading hours on Tuesday, hitting €6.51 ($7.57). 4,338,205 shares of the company were exchanged, compared to its average volume of 8,870,000. The company has a market capitalization of $8.16 billion and a P/E ratio of 11.29. The company’s 50 day simple moving average is €6.34. Commerzbank has a 52 week low of €5.50 ($6.40) and a 52 week high of €9.66 ($11.23).
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 two segments, Private and Small-Business Customers and Corporate Clients segments.
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