Commonwealth Bank of Australia’s Hold Rating Reaffirmed at Morningstar (CBA)
Commonwealth Bank of Australia (ASX:CBA)‘s stock had its “hold” rating reaffirmed by Morningstar in a research note issued on Tuesday, Analyst Ratings News reports.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Commonwealth Bank of Australia in a research note to investors on Sunday, November 24th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Commonwealth Bank of Australia currently has a consensus rating of “Hold” and a consensus target price of A$56.14 ($50.12).
Shares of Commonwealth Bank of Australia (ASX:CBA) traded up 0.15% during mid-day trading on Tuesday, hitting A$77.720. The stock had a trading volume of 3,271,405 shares. Commonwealth Bank of Australia has a 1-year low of A$60.930 and a 1-year high of A$79.880. The stock has a 50-day moving average of A$76.31 and a 200-day moving average of A$73.72. The company has a market cap of A$124.8 billion and a price-to-earnings ratio of 16.71.
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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