Nord/LB Analysts Give Commerzbank (CBK) a €9.50 Price Target

Commerzbank (ETR:CBK) has been given a €9.50 ($11.73) price target by research analysts at Nord/LB in a report released on Thursday, January 18th. The brokerage currently has a “sell” rating on the financial services provider’s stock. Nord/LB’s price objective would suggest a potential downside of 20.49% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Citigroup restated a “buy” rating on shares of Commerzbank in a research report on Tuesday, December 19th. Deutsche Bank set a €10.50 ($12.96) price target on Commerzbank and gave the company a “neutral” rating in a research report on Monday, December 18th. Royal Bank of Canada set a €12.50 ($15.43) price objective on Commerzbank and gave the stock a “neutral” rating in a report on Monday, December 18th. HSBC set a €12.00 ($14.81) price objective on Commerzbank and gave the stock a “neutral” rating in a report on Monday, December 18th. Finally, DZ Bank reiterated a “sell” rating on shares of Commerzbank in a report on Friday, December 15th. Five analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of €11.02 ($13.60).

Shares of Commerzbank (ETR CBK) traded down €0.51 ($0.63) during mid-day trading on Thursday, hitting €11.95 ($14.75). The company had a trading volume of 18,810,686 shares, compared to its average volume of 9,560,000. Commerzbank has a one year low of €6.97 ($8.60) and a one year high of €13.82 ($17.06).

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About Commerzbank

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.

Analyst Recommendations for Commerzbank (ETR:CBK)

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