Commerzbank Ag (CBK) Given a €9.20 Price Target at HSBC Holdings plc

HSBC Holdings plc set a €9.20 ($10.70) price objective on Commerzbank Ag (ETR:CBK) in a research report report published on Thursday, June 29th. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. UBS AG set a €6.50 ($7.56) price target on shares of Commerzbank Ag and gave the company a sell rating in a research note on Tuesday, May 9th. Barclays PLC set a €6.00 ($6.98) price target on shares of Commerzbank Ag and gave the company a sell rating in a research note on Saturday, May 20th. J P Morgan Chase & Co set a €9.60 ($11.16) target price on shares of Commerzbank Ag and gave the stock a neutral rating in a research report on Saturday, May 20th. Morgan Stanley set a €9.35 ($10.87) target price on shares of Commerzbank Ag and gave the stock a neutral rating in a research report on Saturday, May 20th. Finally, DZ Bank AG restated a sell rating on shares of Commerzbank Ag in a research report on Saturday, May 20th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Commerzbank Ag has a consensus rating of Hold and an average price target of €8.65 ($10.06).

Commerzbank Ag (ETR CBK) traded up 0.360% during midday trading on Thursday, reaching €11.149. The company had a trading volume of 52,912 shares. Commerzbank Ag has a one year low of €5.16 and a one year high of €11.30. The firm has a market capitalization of €13.96 billion and a P/E ratio of 42.716. The stock’s 50 day moving average price is €10.35 and its 200-day moving average price is €8.88.

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