Commerzbank (CBK) Given a €7.00 Price Target by Independent Research Analysts

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Commerzbank (ETR:CBK) has been assigned a €7.00 ($8.14) price objective by stock analysts at Independent Research in a report released on Thursday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Independent Research’s target price indicates a potential upside of 5.01% from the company’s previous close.

Other analysts have also recently issued reports about the company. HSBC set a €13.00 ($15.12) price objective on Commerzbank and gave the company a “buy” rating in a research note on Wednesday, October 24th. Royal Bank of Canada set a €11.00 ($12.79) price objective on Commerzbank and gave the company a “buy” rating in a research note on Friday, October 19th. Morgan Stanley set a €9.50 ($11.05) price objective on Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, November 27th. Deutsche Bank set a €10.00 ($11.63) price objective on Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, December 4th. Finally, JPMorgan Chase & Co. set a €9.00 ($10.47) price objective on Commerzbank and gave the company a “buy” rating in a research note on Wednesday. One analyst has 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 has an average rating of “Hold” and a consensus price target of €8.99 ($10.46).

Shares of ETR CBK opened at €6.67 ($7.75) on Thursday. Commerzbank has a 12-month low of €7.82 ($9.09) and a 12-month high of €13.82 ($16.07).

About Commerzbank

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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Analyst Recommendations for Commerzbank (ETR:CBK)

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