Commerce Bancshares (CBSH) : Analyst Rating Update

Commerce Bancshares (CBSH) : 8 analysts are covering Commerce Bancshares (CBSH) and their average rating on the stock is 3.13, which is read as a Hold. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Commerce Bancshares (CBSH) : The most positive equity analysts on Commerce Bancshares (CBSH) expects the shares to touch $50, whereas, the least positive believes that the stock will trade at $40 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $45.57 with an expected fluctuation of $3.1 from the mean.

Commerce Bancshares (NASDAQ:CBSH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.15 and $45.74 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.62. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.56, notching a gain of 0.76% for the day. The total traded volume was 465,898 . The stock had closed at $46.21 on the previous day.

The company shares have rallied 6.19% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $48.91 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $47.73 and the 200 Day Moving Average price is recorded at $44.56.

Commerce Bancshares, Inc. is a bank holding company of Commerce Bank (the Bank). The Company operates through three segments: Consumer, Commercial and Wealth. The Consumer segment includes the retail branch network, consumer installment lending, personal mortgage banking, consumer debit and credit bank card activities. It provides services through a network of 195 branches, an automated teller machine (ATM) network of 392 machines, and the use of alternative delivery channels, such as online banking, mobile, and telephone banking services. The Commercial segment provides an array of corporate lending, merchant and commercial bank card products, leasing, and international services, as well as business and government deposit and cash management services. The Wealth segment provides trust and estate tax planning services, brokerage services, and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.

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