Commerzbank (ETR:CBK) has been assigned a €11.00 ($13.58) target price by stock analysts at Bank of America in a note issued to investors on Friday, March 9th. The brokerage presently has a “sell” rating on the financial services provider’s stock. Bank of America’s price target suggests a potential downside of 7.72% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Citigroup reissued a “buy” rating on shares of Commerzbank in a research note on Tuesday, November 21st. Deutsche Bank set a €11.50 ($14.20) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Tuesday, January 23rd. DZ Bank reaffirmed a “sell” rating on shares of Commerzbank in a research report on Thursday, November 9th. HSBC set a €12.00 ($14.81) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Monday, December 18th. Finally, Goldman Sachs set a €10.50 ($12.96) target price on Commerzbank and gave the stock a “neutral” rating in a research report on Wednesday, December 6th. Six 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. The stock has a consensus rating of “Hold” and a consensus target price of €11.07 ($13.67).
Commerzbank (CBK) opened at €11.92 ($14.72) on Friday. Commerzbank has a 12 month low of €7.82 ($9.65) and a 12 month high of €13.82 ($17.06).
TRADEMARK VIOLATION WARNING: This story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://ledgergazette.com/2018/03/18/bank-of-america-analysts-give-commerzbank-cbk-a-11-00-price-target.html.
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.
Receive News & Ratings for Commerzbank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commerzbank and related companies with MarketBeat.com's FREE daily email newsletter.