Commerzbank (ETR:CBK) Given a €12.50 Price Target at Royal Bank of Canada

Commerzbank (ETR:CBK) has been given a €12.50 ($14.88) target price by research analysts at Royal Bank of Canada in a note issued to investors on Monday, December 18th. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price target points to a potential downside of 7.26% from the stock’s current price.

Several other research firms have also commented on CBK. UBS Group reiterated a “neutral” rating on shares of Commerzbank in a research note on Monday, December 11th. Morgan Stanley set a €11.10 ($13.21) target price on shares of Commerzbank and gave the company a “neutral” rating in a research report on Wednesday, December 13th. HSBC set a €12.00 ($14.29) target price on shares of Commerzbank and gave the company a “neutral” rating in a research report on Monday, December 18th. DZ Bank reissued a “sell” rating on shares of Commerzbank in a research report on Friday, December 15th. Finally, Citigroup reissued a “buy” rating on shares of Commerzbank in a research report on Tuesday, November 21st. Five analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of €10.52 ($12.52).

Commerzbank (ETR CBK) traded up €0.22 ($0.26) during trading hours on Monday, reaching €13.48 ($16.05). 14,170,459 shares of the company’s stock traded hands, compared to its average volume of 8,690,000. Commerzbank has a 52-week low of €6.97 ($8.30) and a 52-week high of €13.27 ($15.80).

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