Goldman Sachs Group set a €9.60 ($11.16) target price on Commerzbank (ETR:CBK) in a research note released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other equities research analysts have also issued research reports about the company. DZ Bank reaffirmed a buy rating on shares of Hugo Boss in a research note on Thursday, July 4th. Royal Bank of Canada lowered Zayo Group from an outperform rating to a sector perform rating and lifted their price target for the stock from $33.00 to $35.00 in a research note on Wednesday, May 8th. Independent Research set a €290.00 ($337.21) target price on adidas and gave the company a neutral rating in a research note on Friday, June 28th. HSBC set a €6.90 ($8.02) target price on Deutsche Bank and gave the company a neutral rating in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. reissued 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. Commerzbank has a consensus rating of Hold and a consensus price target of €8.77 ($10.20).
Shares of CBK stock opened at €6.53 ($7.59) on Thursday. The business’s 50-day moving average price is €6.33. Commerzbank has a 12-month low of €5.50 ($6.40) and a 12-month high of €9.66 ($11.23). The company has a market capitalization of $8.18 billion and a price-to-earnings ratio of 11.32.
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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