Citi Remains a Sell on Commonwealth Bank of Australia (CBA)
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Strong covers the Financial sector, focusing on stocks such as Commonwealth Bank of Australia, ANZ Group Holdings, and Macquarie Group Limited. According to TipRanks, Strong has an average return of -6.9% and a 32.00% success rate on recommended stocks.
Commonwealth Bank of Australia has an analyst consensus of Strong Sell, with a price target consensus of A$116.34, a -35.33% downside from current levels. In a report released on May 30, J.P. Morgan also maintained a Sell rating on the stock with a A$120.00 price target.
CBA market cap is currently A$300.8B and has a P/E ratio of 30.80.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CBA in relation to earlier this year.
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