HSBC Reiterates €10.00 Price Target for Commerzbank (ETR:CBK)

HSBC set a €10.00 ($11.63) price objective on Commerzbank (ETR:CBK) in a research report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other brokerages have also weighed in on CBK. Berenberg Bank increased their price objective on shares of Hiscox from GBX 1,569 ($20.50) to GBX 1,581 ($20.66) and gave the company a hold rating in a report on Thursday, May 9th. Credit Suisse Group set a €38.00 ($44.19) price objective on shares of Dialog Semiconductor and gave the company a buy rating in a report on Thursday, May 9th. DZ Bank restated a buy rating on shares of Hugo Boss in a report on Thursday, July 4th. Warburg Research set a €145.00 ($168.60) price objective on shares of Nemetschek and gave the company a neutral rating in a report on Tuesday, April 30th. Finally, Independent Research set a €290.00 ($337.21) price objective on shares of adidas and gave the company a neutral rating in a report on Friday, June 28th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of €8.77 ($10.20).

Shares of ETR CBK opened at €6.59 ($7.66) on Tuesday. The firm has a 50 day simple moving average of €6.33. Commerzbank has a fifty-two week low of €5.50 ($6.40) and a fifty-two week high of €9.66 ($11.23). The firm has a market capitalization of $8.16 billion and a price-to-earnings ratio of 11.41.

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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