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).
ILLEGAL ACTIVITY WARNING: “Nord/LB Analysts Give Commerzbank (CBK) a €9.50 Price Target” was published by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at https://stocknewstimes.com/2018/02/11/commerzbank-cbk-given-a-9-50-price-target-by-nord-lb-analysts.html.
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.
Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.