Shares of Commerzbank Ag (ETR:CBK) have been given a consensus recommendation of “Hold” by the twenty-two brokerages that are covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is €10.93 ($13.50).
CBK has been the subject of a number of research reports. Macquarie set a €11.00 ($13.58) target price on Commerzbank and gave the stock a “sell” rating in a research note on Tuesday, January 23rd. Bank of America set a €11.00 ($13.58) target price on Commerzbank and gave the stock a “sell” rating in a research note on Friday, March 9th. HSBC set a €12.00 ($14.81) target price on Commerzbank and gave the stock a “neutral” rating in a research note on Monday, December 18th. Royal Bank of Canada set a €12.50 ($15.43) target price on Commerzbank and gave the stock a “neutral” rating in a research note on Friday, January 26th. Finally, UBS set a €11.60 ($14.32) target price on Commerzbank and gave the stock a “sell” rating in a research note on Thursday, February 8th.
ETR CBK opened at €10.54 ($13.02) on Thursday. Commerzbank has a 52-week low of €7.82 ($9.65) and a 52-week high of €13.82 ($17.06).
Commerzbank Company Profile
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.
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