Commonwealth Bank of Australia Given “Sell” Rating at UBS AG (CBA)
Commonwealth Bank of Australia (ASX:CBA)‘s stock had its “sell” rating reiterated by stock analysts at UBS AG in a report issued on Friday, American Banking and Market News reports.
Shares of Commonwealth Bank of Australia (ASX:CBA) traded up 0.74% during mid-day trading on Friday, hitting A$72.580. The stock had a trading volume of 2,768,897 shares. Commonwealth Bank of Australia has a 1-year low of A$53.750 and a 1-year high of A$75.000. The stock’s 50-day moving average is A$72.37 and its 200-day moving average is A$69.4. The company has a market cap of A$116.6 billion and a price-to-earnings ratio of 15.51.
Other equities research analysts have also recently issued reports about the stock. Analysts at Commonwealth Bank reiterated an “underperform” rating on shares of Commonwealth Bank of Australia in a research note to investors on Monday, August 19th.
Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of A$57.56 ($51.85).
Commonwealth Bank of Australia (ASX:CBA) is engaged in the provision of a range of banking and financial products and services to retail, small business, corporate and institutional clients.
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