Commonwealth Bank of Australia’s Hold Rating Reaffirmed at Morningstar (CBA)
Commonwealth Bank of Australia (ASX:CBA)‘s stock had its “hold” rating restated by equities researchers at Morningstar in a research report issued on Thursday, StockRatingsNetwork.com reports.
Shares of Commonwealth Bank of Australia (ASX:CBA) traded down 0.36% during mid-day trading on Thursday, hitting A$74.860. 1,541,207 shares of the company’s stock traded hands. Commonwealth Bank of Australia has a one year low of A$62.540 and a one year high of A$79.880. The stock’s 50-day moving average is A$76.16 and its 200-day moving average is A$74.46. The company has a market cap of A$120.2 billion and a P/E ratio of 16.18.
A number of other firms have also recently commented on CBA. 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 given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of A$56.14 ($49.24).
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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