Is the Commonwealth Bank of Australia (CBA) share price down?

Learn More The Commonwealth Bank of Australia ( ASX: CBA) share price isn’t having a great day of trading on the ASX boards today. CBA shares are now down by a nasty 7.13% to $100 a share at the time of writing – one of the largest drops in the CBA share price for months.

Should you buy CBA shares in 2022?

While the S&P/ASX 200 Index (ASX: XJO) is still down around 1.65% year to date in 2022 so far, the CBA share price has put on a market-beating 3.8%. That includes today’s gain of 0.22% to $106.37. Over the past 12 months, CBA shares are also up a very pleasing 24.6%, again comparing favourably to the ASX 200’s far more modest 10.8%.

Is Citi (CBA) a good stock for CBA investors?

Citi is an ASX broker that, perhaps unfortunately for CBA investors, lies in the latter camp. Earlier this week, we covered how Citi retained a sell rating on CBA shares. This came with a 12-month share price target of $90.75. If that turned out to be accurate, it would result in the CBA share price losing close to 15% over the next 12 months.

Is Morgan Stanley sell Rated on CBA shares?

Like Citi, Morgan Stanley is sell rated on CBA shares. It has a not too dissimilar 12-month share price target of $92 for the bank. It also sees the CBA share price as overvalued right now. So the view is widespread among the ASX broker community on CBA, it seems. Perhaps not what investors are looking to here right now.