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.
