Commerzbank (ETR:CBK) has been assigned a €11.10 ($13.21) price target by Morgan Stanley in a report released on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s target price indicates a potential downside of 12.94% from the company’s previous close.

A number of other equities research analysts have also weighed in on CBK. Royal Bank of Canada set a €9.00 ($10.71) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Friday, August 18th. Citigroup reiterated a “buy” rating on shares of Commerzbank in a research note on Thursday, September 21st. Independent Research set a €10.00 ($11.90) target price on shares of Commerzbank and gave the company a “sell” rating in a research note on Monday, September 25th. Deutsche Bank set a €9.00 ($10.71) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, September 26th. Finally, Nord/LB set a €8.50 ($10.12) target price on shares of Commerzbank and gave the company a “sell” rating in a research note on Thursday, September 28th. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of €10.22 ($12.17).

Commerzbank (ETR:CBK) opened at €12.75 ($15.18) on Wednesday. Commerzbank has a 12-month low of €6.97 ($8.30) and a 12-month high of €12.84 ($15.29).

WARNING: This news story was first reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/13/morgan-stanley-analysts-give-commerzbank-cbk-a-11-10-price-target.html.

Commerzbank Company Profile

Analyst Recommendations for Commerzbank (ETR:CBK)

Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.