Shares of Commerzbank Ag (ETR:CBK) have been assigned a consensus recommendation of “Hold” from the twenty research firms that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is €10.42 ($12.86).
A number of equities research analysts have recently issued reports on CBK shares. Deutsche Bank reaffirmed a “neutral” rating on shares of Commerzbank in a report on Thursday, October 12th. equinet set a €11.50 ($14.20) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, October 13th. JPMorgan Chase & Co. set a €9.60 ($11.85) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Thursday, October 19th. set a €11.50 ($14.20) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Friday, October 20th. Finally, Morgan Stanley set a €11.15 ($13.77) target price on shares of Commerzbank and gave the company a “neutral” rating in a report on Monday, October 23rd.
Shares of Commerzbank (ETR:CBK) opened at €12.35 ($15.25) on Wednesday. Commerzbank has a 52-week low of €6.97 ($8.60) and a 52-week high of €13.82 ($17.06).
Commerzbank Company Profile
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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