Commerzbank (ETR:CBK) has been assigned a €9.50 ($11.31) price objective by analysts at Nord/LB in a research report issued to clients and investors on Thursday. The brokerage currently has a “sell” rating on the financial services provider’s stock. Nord/LB’s price target would indicate a potential downside of 28.84% from the company’s previous close.
Several other analysts have also weighed in on the company. Citigroup restated a “buy” rating on shares of Commerzbank in a report on Tuesday, December 19th. Deutsche Bank set a €10.50 ($12.50) price target on Commerzbank and gave the company a “neutral” rating in a report on Monday, December 18th. Royal Bank of Canada set a €12.50 ($14.88) price target on Commerzbank and gave the company a “neutral” rating in a report on Monday, December 18th. HSBC set a €12.00 ($14.29) price target on Commerzbank and gave the company a “neutral” rating in a report on Monday, December 18th. Finally, DZ Bank restated a “sell” rating on shares of Commerzbank in a report on Friday, December 15th. Five equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of €10.52 ($12.52).
Commerzbank (ETR CBK) traded up €0.22 ($0.26) during trading hours on Thursday, reaching €13.35 ($15.89). The company had a trading volume of 11,735,438 shares, compared to its average volume of 8,820,000. Commerzbank has a one year low of €6.97 ($8.30) and a one year high of €13.53 ($16.11).
COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.
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