UBS analyst John Storey maintained a Sell rating on Commonwealth Bank of Australia (CBA – Research Report) today and set a price target of A$107.00. The company's shares opened today at A$133.44.
According to TipRanks, Storey is an analyst with an average return of -13.5% and a 13.04% success rate. Storey covers the Financial sector, focusing on stocks such as ANZ Group Holdings, Macquarie Group Limited, and Westpac Banking.
The word on The Street in general, suggests a Strong Sell analyst consensus rating for Commonwealth Bank of Australia with a A$98.02 average price target, a -26.54% downside from current levels. In a report released yesterday, Goldman Sachs also maintained a Sell rating on the stock with a A$91.75 price target.
The company has a one-year high of A$137.53 and a one-year low of A$96.15. Currently, Commonwealth Bank of Australia has an average volume of 1.99M.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.
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Commonwealth Bank of Australia (CBA) Company Description:
Commonwealth Bank is Australia's largest bank with operations spanning Australia, New Zealand, and Asia. Its core business is the provision of retail, business, and institutional banking services. The bank has emphasised its focus on banking in recent years with a numbers of asset divestments in wealth management and insurance.
