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).
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2018/01/23/commerzbank-cbk-pt-set-at-11-00-by-macquarie.html.
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.
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.