Commerzbank Ag (CBK) Receives Average Rating of “Hold” from Brokerages

Shares of Commerzbank Ag (ETR:CBK) have received a consensus rating of “Hold” from the nineteen brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is €10.24 ($12.19).

A number of analysts have weighed in on CBK shares. Citigroup reaffirmed a “buy” rating on shares of Commerzbank in a research report on Thursday, September 21st. Independent Research set a €10.00 ($11.90) price target on Commerzbank and gave the stock a “sell” rating in a research report on Monday, September 25th. Deutsche Bank set a €9.00 ($10.71) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Tuesday, September 26th. Nord/LB set a €8.50 ($10.12) price target on Commerzbank and gave the stock a “sell” rating in a research report on Thursday, September 28th. Finally, equinet set a €11.50 ($13.69) price target on Commerzbank and gave the stock a “neutral” rating in a research report on Friday, October 13th.

Shares of Commerzbank (ETR CBK) opened at €13.27 ($15.80) on Friday. Commerzbank has a 12-month low of €6.97 ($8.30) and a 12-month high of €13.54 ($16.12).

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