Commonwealth Bank

Commonwealth Bank (CBA) has a share price target of $50.00 from Australian stockmarket analyst Macquarie Research Equities.

Commonwealth Bank (CBA) Upgrade to Buy

Upgraded to Buy following significant underperformance YTD:

Year to date CBA has fallen 26%, underperforming the market by 15% and the banking sector by 6%. CBA is now trading at 11.2x FY09E PE, 1.3 standard deviations below its LT average of 13x. We see this as a good opportunity to begin accumulating CBA.

Risk from "bad boys" decreasing:

Commonwealth Bank (CBA) has a neutral stock recommendation and a share price target of $47.50 from Australian stockmarket analysts from Citi.

Commonwealth Bank (CBA) Wealth Management levers

Wealth Management update shows CBA relatively well placed:

St George Bank (SGB) has a price target of $34.00 from sharemarket analyst Macquarie Research Equities.

St George Bank (SGB) What could the other banks pay?

WBC looks well positioned with SGB Board support:

Given the SGB Board's support for its 1.31 for 1 bid (subject to no superior proposals being made), WBC appears to be well positioned. As a result, we believe a counter-bid would need to be at least 5-10% higher than WBC's proposal in order to win the SGB Board's support. This leads to two key questions.

Here is an update about the Commonwealth Bank (CBA) result released this morning by Australian stock analyst Macquarie Research Equities. They have an Outperform Recommendation with a 12-month price target of $60.00 on the stock.

Commonwealth Bank (CBA) has a Neutral 1 stock recommendation and a $47 share price target and valuation from investment banker and stock analyst UBS. CBA released a first quarter update today in the lead up to other banks releasing their reports starting this Thursday. The stock analysts note that today's update was Commonwealth Bank's first attempt at a quarterly trading statement and there was a lack of financial data which limits the reports' usefulness. Credit growth seemed to be holding up to the two rate hikes.

Macquarie Research Equities prefers ANZ and Commonwealth Bank (CBA) amongst the majors in the Australian Banking Sector. ANZ Bank has an Outperform recommendation an a 12 month share price target of $28.20. Commonwealth Bank (CBA) also has an Outperform recommendation and have a 12 month stock price target of $46.50. National Australia Bank (NAB) has a Neutral recommendation and a 12 month share price target of $36.30. Westpac (WBC) has a Neutral stock recommendation and a 12 month share price target of $23.75. St.

SB Citigroup has upgraded their rating for the Commonwealth Bank (CBA) stock to Buy from a Hold, Medium Risk recommendation with a share price target of $46.

We look at who wins and loses from last weeks' interest rate rise.

UBS states that CBA is "not cheap". UBS has a Neutral 1 recommendation on the Commonwealth Bank of Australia (CBA) with a price target of $43.50. According to UBS, CBA is trading at PE of 14x and yield of 5.2%. Meanwhile MRE (Macquarie Research Equities) has a 12 month price target of $45.25 for CBA and maintains a Neutral recommendation. Let's see where the new CEO Ralph Norris and his team can show us in the future.

The broker ABN Amro has placed short-term trading Sell recommendations on both Commonwealth Bank (CBA) but on a bittersweet note: still rates the stock as a long term hold. ABN Amro reckons that the short-term risk/reward has now moved to the negative side as the stock is trading at a significant premium to its valuation of $39.59. Perhaps a shorting opportunity for active traders?