Commerzbank (CBK) Given a €11.60 Price Target by UBS Group Analysts

Commerzbank (ETR:CBK) received a €11.60 ($14.32) target price from stock analysts at UBS Group in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The firm presently has a “sell” rating on the financial services provider’s stock. UBS Group’s price target points to a potential downside of 2.91% from the stock’s previous close.

Several other brokerages also recently issued reports on CBK. Macquarie set a €11.00 ($13.58) target price on shares of Commerzbank and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. HSBC set a €12.00 ($14.81) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Monday, December 18th. Royal Bank of Canada set a €12.50 ($15.43) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Friday, January 26th. Kepler Capital Markets set a €11.00 ($13.58) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Monday, October 23rd. Finally, Morgan Stanley set a €11.15 ($13.77) target price on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of €11.02 ($13.60).

Shares of Commerzbank (CBK) traded down €0.51 ($0.63) during midday trading on Thursday, hitting €11.95 ($14.75). 18,810,686 shares of the stock traded hands, compared to its average volume of 9,560,000. Commerzbank has a 52-week low of €6.97 ($8.60) and a 52-week high of €13.82 ($17.06).

COPYRIGHT VIOLATION WARNING: This piece of content was posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/11/commerzbank-cbk-given-a-11-60-price-target-by-ubs-group-analysts.html.

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)

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.

Leave a Reply