Deutsche Bank set a €7.00 ($8.14) price objective on Commerzbank (ETR:CBK) in a research report report published on Friday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
CBK has been the subject of a number of other research reports. Credit Suisse Group set a €38.00 ($44.19) target price on Dialog Semiconductor and gave the company a buy rating in a report on Thursday, May 9th. Morgan Stanley set a €9.00 ($10.47) target price on Commerzbank and gave the company a neutral rating in a report on Thursday, May 9th. Warburg Research set a €145.00 ($168.60) target price on Nemetschek and gave the company a neutral rating in a report on Tuesday, April 30th. Goldman Sachs Group raised Altria Group from a neutral rating to a buy rating and set a $59.00 target price for the company in a report on Thursday, July 11th. Finally, Berenberg Bank lifted their target price on Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the company a hold rating in a report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of €8.67 ($10.08).
CBK stock opened at €6.21 ($7.23) on Friday. The stock has a market cap of $7.78 billion and a price-to-earnings ratio of 10.77. Commerzbank has a twelve month low of €5.50 ($6.40) and a twelve month high of €9.66 ($11.23). The firm’s 50-day moving average is €6.31.
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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