Today analysts at RBC Capital Markets reiterated Comerica Inc’s (NYSE:CMA) shares as ‘Outperform’ in a report released to investors.
According to RBC Capital Marketss price target of 56 on the company’s stock this indicates the broker now believes there is an increase of 9.31% from Comerica Inc’s current price of 51.23.
In the last year Comerica Inc’s stock price has increased by 24.62% from 41.11 to 51.23.
The number of Comerica Inc shares in issue is 173,902,000 which have a current share price of 51.23 bringing Comerica Inc’s market capitalisation to 8.91B USD.
The 52 week high of shares in Comerica Inc is 51.37 while the 52 week low for the company’s shares is 30.48. The businesses 50 day moving average is 47.36 and its 200 day moving average is 44.43.
Comerica Incorporated (Comerica) is a financial services company. The Company’s principal activity is lending to and accepting deposits from businesses and individuals. Comerica has its operations in three business segments: the Business Bank, the Retail Bank and Wealth Management. In addition to the three business segments, it also operates in the Finance segment. The Business Bank segment serves middle market businesses, multinational corporations and governmental entities by offering various products and services. The Retail Bank segment includes small business banking and personal financial services, consisting of consumer lending, consumer deposit gathering and mortgage loan origination. The Wealth Management segment offers fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services. The Finance segment includes its securities portfolio, and asset and liability management activities.