Nord/LB Reiterates €9.50 Price Target for Commerzbank (ETR:CBK)

Commerzbank (ETR:CBK) received a €9.50 ($11.73) price target from research analysts at Nord/LB in a research note issued on Thursday, January 18th. The firm presently has a “sell” rating on the financial services provider’s stock. Nord/LB’s price objective indicates a potential downside of 20.49% from the company’s previous close.

A number of other analysts also recently weighed in on CBK. Deutsche Bank set a €9.00 ($11.11) target price on shares of Commerzbank and gave the stock a “neutral” rating in a report on Tuesday, September 26th. JPMorgan Chase & Co. set a €9.60 ($11.85) target price on shares of Commerzbank and gave the stock a “neutral” rating in a report on Thursday, October 19th. Independent Research set a €10.00 ($12.35) price target on shares of Commerzbank and gave the company a “sell” rating in a report on Thursday, November 9th. Warburg Research set a €11.10 ($13.70) price target on shares of Commerzbank and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, Citigroup reiterated a “buy” rating on shares of Commerzbank in a report on Thursday, September 21st. Five investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of €11.02 ($13.60).

Commerzbank (CBK) traded down €0.51 ($0.63) during trading on Thursday, hitting €11.95 ($14.75). 18,810,686 shares of the stock were exchanged, compared to its average volume of 9,560,000. Commerzbank has a 12-month low of €6.97 ($8.60) and a 12-month high of €13.82 ($17.06).

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About Commerzbank

COMMERZBANK AG is a Germany-based bank for private and corporate customers in Germany. The bank operates six business segments: Private Customers, which operates Retail, Business and Wealth Management Customers, Sales Retail and Business Customers North-East and South-West, Sales Wealth Management, and Credit operating units, among others; Mittelstandsbank, which operates Small and Medium Enterprises, Large Corporations, Corporate Banking, Corporates International and Financial Institutions units; Central & Eastern Europe, which operates CEE-Holding/Subsidiaries & Branches, BRE Bank and Bank Forum units; Corporates & Markets, which operates Equity Markets & Commodities, Fixed Income Trading, Corporate Finance, Fixed Income Sales, Client Relationship Management, and Research units, among others; Asset Based Finance, which operates CRE Germany, Public Finance and Ship Finance units, among others, and Portfolio Restructuring Unit, which operates Portfolio Restructuring Unit.

Analyst Recommendations for Commerzbank (ETR:CBK)

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