Commonwealth Bank of Australia Given “Hold” Rating at Morningstar (CBA)
Commonwealth Bank of Australia (ASX:CBA)‘s stock had its “hold” rating reaffirmed by analysts at Morningstar in a research report issued to clients and investors on Wednesday, Analyst Ratings Net reports.
Other equities research analysts have also recently issued reports about 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 assigned a hold rating and two have given a buy rating to the stock. Commonwealth Bank of Australia has a consensus rating of “Hold” and an average target price of A$56.14 ($50.57).
Shares of Commonwealth Bank of Australia (ASX:CBA) traded down 0.43% during mid-day trading on Wednesday, hitting A$75.860. The stock had a trading volume of 2,844,350 shares. Commonwealth Bank of Australia has a 52 week low of A$61.700 and a 52 week high of A$79.880. The stock’s 50-day moving average is A$76.42 and its 200-day moving average is A$74.20. The company has a market cap of A$121.8 billion and a price-to-earnings ratio of 16.41.
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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