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).
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.