Commerzbank (ETR:CBK) has been given a €5.20 ($5.84) target price by research analysts at Goldman Sachs Group in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s price target indicates a potential upside of 8.38% from the stock’s current price.
CBK has been the subject of a number of other research reports. Independent Research set a €3.50 ($3.93) target price on Commerzbank and gave the stock a “sell” rating in a report on Tuesday, July 7th. Deutsche Bank set a €4.00 ($4.49) target price on Commerzbank and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada set a €4.00 ($4.49) target price on Commerzbank and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley set a €5.30 ($5.96) target price on Commerzbank and gave the stock a “buy” rating in a report on Friday, July 24th. Finally, DZ Bank reiterated a “sell” rating on shares of Commerzbank in a report on Wednesday, May 13th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of €5.00 ($5.62).
Commerzbank stock opened at €4.80 ($5.39) on Wednesday. The business has a fifty day moving average of €4.31 and a two-hundred day moving average of €4.21. The firm has a market cap of $6.01 billion and a P/E ratio of 37.78. Commerzbank has a twelve month low of €2.80 ($3.15) and a twelve month high of €6.83 ($7.68).
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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