Commerzbank (ETR:CBK) has been given a €4.40 ($4.94) price objective by Jefferies Financial Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Jefferies Financial Group’s target price would suggest a potential downside of 2.93% from the stock’s current price.
A number of other research firms have also recently commented on CBK. Oddo Bhf set a €3.40 ($3.82) price objective on Commerzbank and gave the company a “sell” rating in a report on Thursday, April 16th. HSBC set a €5.00 ($5.62) price objective on Commerzbank and gave the company a “buy” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. set a €4.30 ($4.83) price objective on Commerzbank and gave the company a “neutral” rating in a report on Wednesday, May 13th. Goldman Sachs Group set a €5.20 ($5.84) price objective on Commerzbank and gave the company a “neutral” rating in a report on Monday, July 6th. Finally, Deutsche Bank set a €3.00 ($3.37) target price on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, June 30th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Commerzbank has an average rating of “Hold” and an average target price of €4.72 ($5.31).
CBK opened at €4.53 ($5.09) on Tuesday. Commerzbank has a one year low of €2.80 ($3.15) and a one year high of €6.83 ($7.68). The stock has a market capitalization of $5.70 billion and a PE ratio of 25.04. The business’s 50 day moving average price is €4.02 and its 200 day moving average price is €4.34.
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.
Featured Story: Dividend Kings
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.