Commerzbank (ETR:CBK) Given a €6.50 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a €6.50 ($7.56) price target on Commerzbank (ETR:CBK) in a report published on Thursday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

CBK has been the topic of a number of other reports. Independent Research set a €8.50 ($9.88) price target on Commerzbank and gave the company a buy rating in a report on Wednesday. Jefferies Financial Group set a €7.00 ($8.14) price target on Commerzbank and gave the company a neutral rating in a report on Thursday, June 20th. Kepler Capital Markets set a €5.80 ($6.74) price target on Commerzbank and gave the company a sell rating in a report on Thursday, May 9th. Berenberg Bank set a €6.40 ($7.44) price target on Commerzbank and gave the company a neutral rating in a report on Thursday. Finally, Royal Bank of Canada set a €7.00 ($8.14) price target on Commerzbank and gave the company a neutral rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of €8.08 ($9.40).

Shares of CBK traded down €0.14 ($0.16) during trading hours on Thursday, reaching €5.25 ($6.11). 11,852,883 shares of the company’s stock traded hands, compared to its average volume of 8,870,000. The company has a market cap of $6.58 billion and a price-to-earnings ratio of 9.10. Commerzbank has a twelve month low of €5.50 ($6.40) and a twelve month high of €9.66 ($11.23). The stock has a fifty day simple moving average of €6.26.

About Commerzbank

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 two segments, Private and Small-Business Customers and Corporate Clients segments.

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