Commerzbank (ETR:CBK) Given a €4.90 Price Target by Morgan Stanley Analysts

Share on StockTwits

Morgan Stanley set a €4.90 ($5.70) target price on Commerzbank (ETR:CBK) in a report released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the financial services provider’s stock.

A number of other research firms have also weighed in on CBK. Warburg Research set a €7.00 ($8.14) price objective on Commerzbank and gave the company a neutral rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. set a €6.00 ($6.98) price objective on Commerzbank and gave the company a neutral rating in a research note on Thursday, November 7th. Credit Suisse Group set a €6.50 ($7.56) price objective on Commerzbank and gave the company a neutral rating in a research note on Monday, September 23rd. Kepler Capital Markets set a €5.10 ($5.93) price objective on Commerzbank and gave the company a sell rating in a research note on Thursday, November 7th. Finally, Berenberg Bank set a €6.40 ($7.44) price objective on Commerzbank and gave the company a neutral rating in a research note on Thursday, August 8th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a buy rating to the company. Commerzbank currently has an average rating of Hold and an average target price of €6.12 ($7.12).

Shares of ETR:CBK traded down €0.11 ($0.13) during trading on Wednesday, reaching €5.22 ($6.06). 9,740,991 shares of the company traded hands, compared to its average volume of 8,870,000. The firm has a market capitalization of $6.53 billion and a price-to-earnings ratio of 9.04. Commerzbank has a 52-week low of €4.66 ($5.42) and a 52-week high of €8.94 ($10.40). The business’s fifty day moving average is €5.34 and its 200-day moving average is €6.03.

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 two segments, Private and Small-Business Customers and Corporate Clients segments.

See Also: Guidelines for Successful Channel Trading

Analyst Recommendations for Commerzbank (ETR:CBK)

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Avaya  and Its Competitors Head to Head Survey
Avaya and Its Competitors Head to Head Survey
Head-To-Head Comparison: Pathfinder Bancorp  versus QCR
Head-To-Head Comparison: Pathfinder Bancorp versus QCR
Stamps.com Inc.  Expected to Announce Quarterly Sales of $142.77 Million
Stamps.com Inc. Expected to Announce Quarterly Sales of $142.77 Million
Burford Capital Limited  Receives Average Rating of “Buy” from Brokerages
Burford Capital Limited Receives Average Rating of “Buy” from Brokerages
BidaskClub Lowers AudioCodes  to Hold
BidaskClub Lowers AudioCodes to Hold
Lamar Advertising  Upgraded at ValuEngine
Lamar Advertising Upgraded at ValuEngine


© 2006-2019 Ticker Report