JPMorgan Chase & Co. set a €11.00 ($12.79) price objective on Commerzbank (ETR:CBK) in a research note released on Monday morning. The firm currently has a buy rating on the financial services provider’s stock.
A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada set a €8.50 ($9.88) price target on shares of Commerzbank and gave the stock a buy rating in a report on Tuesday, January 1st. HSBC set a €10.00 ($11.63) price target on shares of Commerzbank and gave the stock a buy rating in a report on Tuesday, December 18th. Morgan Stanley restated a neutral rating on shares of Commerzbank in a report on Friday, December 14th. DZ Bank restated a buy rating on shares of Commerzbank in a report on Wednesday, December 12th. Finally, Independent Research set a €7.50 ($8.72) price objective on shares of Commerzbank and gave the company a neutral rating in a report on Monday, December 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €9.79 ($11.38).
ETR:CBK opened at €6.28 ($7.30) on Monday. Commerzbank has a 12 month low of €7.82 ($9.09) and a 12 month high of €13.82 ($16.07).
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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