Commerzbank (ETR:CBK) received a €10.50 ($12.96) target price from JPMorgan Chase & Co. in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 12.12% from the company’s previous close.
Several other equities research analysts have also recently weighed in on CBK. Deutsche Bank restated a “neutral” rating on shares of Commerzbank in a research report on Thursday, October 12th. equinet set a €11.50 ($14.20) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Friday, October 13th. set a €11.50 ($14.20) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Friday, October 20th. Morgan Stanley set a €11.15 ($13.77) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Finally, Kepler Capital Markets set a €11.00 ($13.58) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of €11.02 ($13.60).
Shares of Commerzbank (ETR CBK) traded down €0.51 ($0.63) on Thursday, reaching €11.95 ($14.75). 18,810,686 shares of the company traded hands, compared to its average volume of 9,560,000. Commerzbank has a 12 month low of €6.97 ($8.60) and a 12 month 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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