Commerzbank (ETR: CBK – Get a rating) was assigned a price target of €7.80 ($8.39) by stock analysts at JPMorgan Chase & Co. in a research report released Wednesday, Borsen Zeitung reports. JPMorgan Chase & Co.The target price of suggests a potential upside of 32.79% from the current stock price.
A number of other stock analysts have also recently commented on CBK. Berenberg Bank set a target price of €7.00 ($7.53) on Commerzbank in a Thursday, March 3 report. Kepler Capital Markets set a target price of €8.10 ($8.71) on Commerzbank in a Thursday, January 13 report. Goldman Sachs Group set a target price of €9.70 ($10.43) on Commerzbank in a Thursday, March 31 report. Deutsche Bank Rese… set a target price of €10.00 ($10.75) on Commerzbank in a Tuesday, April 19 report. Finally, Morgan Stanley set a price target of €10.70 ($11.51) on Commerzbank in a Thursday, April 7 research note. Three investment analysts gave the stock a sell rating and seven gave the stock a hold rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of €8.37 ($9.00).
Shares of Commerzbank action opened at €5.87 ($6.32) on Wednesday. The stock has a market capitalization of $7.36 billion and a price-earnings ratio of 25.32. The stock has a 50-day moving average price of €7.08 and a 200-day moving average price of €7.02. Commerzbank has a 1-year low of €5.01 ($5.38) and a 1-year high of €9.51 ($10.23).
Commerzbank Company Profile (Get a rating)
Commerzbank AG provides banking and capital markets services to private and small business clients, multinational groups, financial service providers and institutional clients worldwide. It operates through two segments, Private and Small Business Customers, and Enterprise Customers. The Company offers accounts, trade payments, payment activation, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain finance, buyer credit and package services; and bilateral loans, club agreements, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments and Islamic financing services.
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