(CercleFinance.com) – UBS highlights the regular profit growth, the average total return and the attractive valuation of the stock.
The analyst confirms his purchase advice on the stock and raises his price target to 17.4 E (compared to 16.3 E) which represents a potential of 63% of the stock.
‘Commerzbank offers a clear profit growth case, supported by a total return of around 15%, trading at 4.5 times 2025 EPS,’ says UBS.
Commerzbank plans to distribute one billion euros to its shareholders for 2023, in the form of dividends and share buybacks, and anticipates for 2024 a net profit higher than the 2023 level as well as a distribution rate of at least minus 70%.
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