Kepler Capital Markets set a €11.00 ($13.58) price target on Commerzbank (ETR:CBK) in a research note issued to investors on Thursday. The firm currently has a sell rating on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on the stock. Bank of America set a €11.00 ($13.58) target price on shares of Commerzbank and gave the stock a sell rating in a report on Friday, March 9th. Royal Bank of Canada set a €12.50 ($15.43) target price on shares of Commerzbank and gave the stock a neutral rating in a report on Thursday, March 8th. UBS set a €11.60 ($14.32) target price on shares of Commerzbank and gave the stock a sell rating in a report on Thursday, March 8th. Goldman Sachs set a €11.75 ($14.51) target price on shares of Commerzbank and gave the stock a neutral rating in a report on Thursday, March 8th. Finally, DZ Bank reiterated a neutral rating on shares of Commerzbank in a report on Friday, February 9th. Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of €11.07 ($13.67).
Shares of Commerzbank stock opened at €11.00 ($13.58) on Thursday. Commerzbank has a fifty-two week low of €7.82 ($9.65) and a fifty-two week high of €13.82 ($17.06).
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COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.
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