Commerzbank (ETR:CBK) has been assigned a €10.50 ($12.96) price target by research analysts at Goldman Sachs Group in a report released on Thursday. The firm currently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group’s target price indicates a potential downside of 12.12% from the company’s previous close.
Several other research firms have also commented on CBK. Royal Bank of Canada set a €12.50 ($15.43) price objective on shares of Commerzbank and gave the company a “neutral” rating in a research report on Friday, January 26th. UBS Group set a €11.60 ($14.32) target price on shares of Commerzbank and gave the company a “sell” rating in a research note on Monday, January 29th. Deutsche Bank set a €11.50 ($14.20) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Warburg Research set a €11.10 ($13.70) target price on shares of Commerzbank and gave the company a “neutral” rating in a research note on Thursday, January 25th. Finally, Macquarie set a €11.00 ($13.58) target price on shares of Commerzbank and gave the company a “sell” rating in a research note on Tuesday, January 23rd. Five research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company’s stock. Commerzbank currently has a consensus rating of “Hold” and a consensus price target of €11.02 ($13.60).
Commerzbank (CBK) traded down €0.51 ($0.63) during mid-day trading on Thursday, reaching €11.95 ($14.75). 18,810,686 shares of the company’s stock traded hands, compared to its average volume of 9,560,000. Commerzbank has a fifty-two week low of €6.97 ($8.60) and a fifty-two week high of €13.82 ($17.06).
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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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