Commerzbank (ETR:CBK) has been assigned a €6.50 ($7.56) price objective by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 17.54% from the company’s previous close.
Several other research firms have also recently weighed in on CBK. Morgan Stanley set a €9.00 ($10.47) price objective on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. DZ Bank reiterated a “neutral” rating on shares of Commerzbank in a research report on Wednesday, August 7th. UBS Group set a €5.00 ($5.81) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, August 21st. Credit Suisse Group set a €6.50 ($7.56) price target on shares of Commerzbank and gave the company a “neutral” rating in a research report on Thursday, August 8th. Finally, HSBC set a €9.00 ($10.47) price target on shares of Commerzbank and gave the company a “buy” rating in a research report on Thursday, July 18th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of €7.53 ($8.75).
CBK stock opened at €5.53 ($6.43) on Tuesday. The company’s 50 day moving average is €5.38 and its 200 day moving average is €6.56. The stock has a market cap of $6.93 billion and a price-to-earnings ratio of 9.58. Commerzbank has a 1-year low of €4.66 ($5.42) and a 1-year high of €9.66 ($11.23).
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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