Commerzbank: UBS spots 'attractive valuation'

(CercleFinance.com) - UBS underlines the share's steady earnings growth, average total return and attractive valuation.


The analyst confirms his buy recommendation on the stock, raising his target price to E17.4 (from E16.3), which represents impressive 63% upside potential.

Commerzbank offers a clear earnings growth case, supported by a total return of around 15%, trading at 4.5x 2025 EPS, UBS says.

Commerzbank plans to distribute one billion euros to its shareholders for 2023, in the form of dividends and share buybacks, and anticipates 2024 net profit above its 2023 level, as well as a payout ratio of at least 70%.


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