Commerzbank (ETR:CBK) Sets New 52-Week Low at $3.57
Commerzbank AG (ETR:CBK)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as €3.57 ($4.15) and last traded at €3.60 ($4.19), with a volume of 8717210 shares trading hands. The stock had previously closed at €3.52 ($4.09).
Several research firms have recently weighed in on CBK. DZ Bank restated a “sell” rating on shares of Commerzbank in a research note on Wednesday, March 18th. UBS Group set a €5.70 ($6.63) price target on Commerzbank and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Warburg Research set a €5.80 ($6.74) price target on Commerzbank and gave the stock a “sell” rating in a research note on Friday, February 21st. Goldman Sachs Group set a €7.00 ($8.14) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Finally, Jefferies Financial Group set a €5.80 ($6.74) price objective on Commerzbank and gave the company a “neutral” rating in a research report on Friday, January 24th. Six analysts have rated the stock with a sell rating, ten have assigned 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 €5.89 ($6.85).
The company has a fifty day simple moving average of €4.94 and a 200-day simple moving average of €5.29. The firm has a market cap of $4.77 billion and a P/E ratio of 7.47.
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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