QNB keeps Commercial Bank of Qatar's PT at QAR 35/shr

Mubasher: Qatar National Bank (QNB) on Thursday announced maintaining the price target (PT) for the Commercial Bank of Qatar (CBQ) at QAR 35 per share.

The new PT is 14.4% lower than the share's current market price, as CBQ’s stock ended Thursday session at QAR 40.90.  

The bank targets a sustainable income rate of 14% by 21, while QNB expects a rate of 11%, it said in a new report.

It is worth noting that the CBQ’s profits hiked 386.4% to QAR 1.26 billion during the first nine months of 2018, compared to QAR 258.9 million in the same period of the prior year.

Mubasher Contribution Time: 15-Nov-2018 14:40 (GMT)
Mubasher Last Update Time: 15-Nov-2018 15:12 (GMT)