Barclays Remains a Hold on Commerce Bancshares Inc


Barclays analyst Matthew Keating maintained a Hold rating on Commerce Bancshares Inc (NASDAQ: CBSH) on July 13 and set a price target of $68. The company’s shares closed on Friday at $67.54, close to its 52-week high of $70.

According to TipRanks.com, Keating is a 4-star analyst with an average return of 6.1% and a 59.3% success rate. Keating covers the Financial sector, focusing on stocks such as TCF Financial Corporation, First Financial Bancorp, and Fulton Financial Corp.

Currently, the analyst consensus on Commerce Bancshares Inc is a Moderate Sell with an average price target of $66.50, a -1.5% downside from current levels. In a report issued on July 12, Stephens also maintained a Hold rating on the stock with a $65 price target.

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The company has a one-year high of $70 and a one-year low of $49.43. Currently, Commerce Bancshares Inc has an average volume of 479.3K.

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Commerce Bancshares, Inc. operates as a bank holding company for Commerce Bank. It provides general banking services, such as retail, corporate, investment, trust, and asset management products and services to individuals and businesses. The company operates through the following business segments: Consumer, Commercial and Wealth.

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