Commerzbank (ETR:CBK) PT Set at €6.00 by JPMorgan Chase & Co.
JPMorgan Chase & Co. set a €6.00 ($6.98) price target on Commerzbank (ETR:CBK) in a report published on Thursday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other brokerages have also commented on CBK. DZ Bank reaffirmed a neutral rating on shares of Commerzbank in a research note on Monday, September 30th. Goldman Sachs Group set a €9.60 ($11.16) price target on Commerzbank and gave the stock a neutral rating in a research note on Tuesday, October 29th. Warburg Research set a €7.00 ($8.14) price target on Commerzbank and gave the stock a neutral rating in a research note on Wednesday, July 31st. Royal Bank of Canada set a €5.50 ($6.40) price target on Commerzbank and gave the stock a neutral rating in a research note on Monday, September 30th. Finally, Deutsche Bank set a €5.00 ($5.81) price target on Commerzbank and gave the stock a neutral rating in a research note on Tuesday, October 1st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of €6.40 ($7.44).
Shares of CBK stock opened at €5.58 ($6.49) on Thursday. The stock has a fifty day moving average of €5.35 and a 200 day moving average of €6.08. Commerzbank has a 52 week low of €4.66 ($5.42) and a 52 week high of €8.94 ($10.40). The firm has a market capitalization of $6.99 billion and a price-to-earnings ratio of 9.67.
Commerzbank Aktiengesellschaft provides banking and capital market services to private and small business customers, corporate clients, multinationals, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers and Corporate Clients segments.
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