Commerzbank (ETR:CBK) has been assigned a €9.50 ($11.05) price target by stock analysts at Morgan Stanley in a research note issued on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Morgan Stanley’s price objective points to a potential upside of 51.27% from the stock’s previous close.
A number of other equities analysts have also recently commented on CBK. Goldman Sachs Group set a €11.00 ($12.79) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, September 12th. UBS Group set a €10.20 ($11.86) price target on shares of Commerzbank and gave the stock a “buy” rating in a research note on Thursday, September 13th. Deutsche Bank set a €10.00 ($11.63) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Tuesday, September 18th. Royal Bank of Canada set a €11.00 ($12.79) price target on shares of Commerzbank and gave the stock a “buy” rating in a research note on Wednesday, September 19th. Finally, Credit Suisse Group set a €9.00 ($10.47) price target on shares of Commerzbank and gave the stock a “neutral” rating in a research note on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €9.79 ($11.38).
CBK stock opened at €6.28 ($7.30) on Wednesday. Commerzbank has a one year low of €7.82 ($9.09) and a one year high of €13.82 ($16.07).
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 Private and Small-Business Customers; Corporate Clients; and Asset & Capital Recovery segments.
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