Commerzbank (CBK) PT Set at €11.00 by Macquarie

Commerzbank (ETR:CBK) received a €11.00 ($13.10) target price from research analysts at Macquarie in a research report issued on Tuesday. The firm presently has a “sell” rating on the financial services provider’s stock. Macquarie’s price objective would suggest a potential downside of 18.70% from the company’s current price.

Several other analysts also recently issued reports on the company. Deutsche Bank set a €11.50 ($13.69) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday. Nord/LB set a €9.50 ($11.31) price objective on Commerzbank and gave the company a “sell” rating in a research report on Thursday, January 18th. Citigroup restated a “buy” rating on shares of Commerzbank in a research report on Tuesday, December 19th. Royal Bank of Canada set a €12.50 ($14.88) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Monday, December 18th. Finally, HSBC set a €12.00 ($14.29) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Monday, December 18th. Six investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of €10.59 ($12.61).

Shares of Commerzbank (ETR CBK) traded down €0.01 ($0.01) during trading hours on Tuesday, hitting €13.53 ($16.11). The stock had a trading volume of 8,100,000 shares, compared to its average volume of 8,680,000. Commerzbank has a twelve month low of €6.97 ($8.30) and a twelve month high of €13.71 ($16.32).

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About Commerzbank

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.

Analyst Recommendations for Commerzbank (ETR:CBK)

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