HSBC set a €10.00 ($11.63) target price on Commerzbank (ETR:CBK) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the financial services provider’s stock.
A number of other analysts have also recently weighed in on CBK. Morgan Stanley set a €9.00 ($10.47) price objective on Commerzbank and gave the stock a neutral rating in a research report on Thursday, May 9th. Kepler Capital Markets set a €112.00 ($130.23) price objective on LEG Immobilien and gave the stock a buy rating in a research report on Thursday, May 9th. Berenberg Bank raised their price objective on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the stock a hold rating in a research report on Thursday, May 9th. Nord/LB set a €8.50 ($9.88) price objective on Commerzbank and gave the stock a neutral rating in a research report on Wednesday, May 8th. Finally, Independent Research set a €290.00 ($337.21) price objective on adidas and gave the stock a neutral rating in a research report on Friday, June 28th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of €8.77 ($10.20).
Commerzbank stock opened at €6.53 ($7.59) on Tuesday. The firm has a market cap of $8.18 billion and a PE ratio of 11.32. Commerzbank has a 1-year low of €5.50 ($6.40) and a 1-year high of €9.66 ($11.23). The stock has a fifty day simple moving average of €6.33.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
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