Commerzbank (ETR:CBK) Shares Cross Above 200-Day Moving Average of $6.94

Commerzbank AG (ETR:CBKGet Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €6.94 ($7.08) and traded as high as €8.06 ($8.23). Commerzbank shares last traded at €8.01 ($8.17), with a volume of 5,773,620 shares traded.

Analyst Ratings Changes

Several research analysts recently commented on CBK shares. Morgan Stanley set a €10.70 ($10.92) price target on Commerzbank in a research note on Thursday, June 30th. Royal Bank of Canada set a €6.00 ($6.12) price target on Commerzbank in a research note on Tuesday, August 9th. UBS Group set a €8.90 ($9.08) price target on Commerzbank in a research note on Wednesday, September 7th. Barclays set a €7.00 ($7.14) price objective on Commerzbank in a report on Thursday, August 4th. Finally, The Goldman Sachs Group set a €9.50 ($9.69) price objective on Commerzbank in a report on Wednesday, September 7th.

Commerzbank Price Performance

The company’s 50 day moving average is €6.88 and its two-hundred day moving average is €6.94. The firm has a market cap of $10.25 billion and a P/E ratio of 7.31.

About Commerzbank

(Get Rating)

Commerzbank AG provides banking and capital market services to private and small business customers, multinational groups, financial service providers, and institutional clients worldwide. It operates through two segments, Private and Small-Business Customers, and Corporate Clients. The company offers accounts, commercial payments, payment enabling, clearing and custody, and other services; trade services, including documentary collection, letters of credit, guarantees, trade facilitation, supply chain financing, buyer's credit, and forfaiting services; and bilateral loans, club deals, Schuldschein instruments, syndicated loans, bonds, private placements, other debt instruments, and Islamic financing services.

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