Deutsche Bank AG (DB) Upgraded by to Buy

upgraded shares of Deutsche Bank AG (NYSE:DB) from a hold rating to a buy rating in a research note released on Tuesday morning. currently has $18.20 target price on the bank’s stock, up from their previous target price of $17.93.

Other analysts have also recently issued research reports about the company. DZ Bank AG reaffirmed a buy rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. Zacks Investment Research upgraded Deutsche Bank AG from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Tuesday, August 22nd. ValuEngine upgraded Deutsche Bank AG from a hold rating to a buy rating in a research report on Tuesday, September 26th. BidaskClub lowered Deutsche Bank AG from a buy rating to a hold rating in a research report on Monday, July 17th. Finally, Keefe, Bruyette & Woods lowered Deutsche Bank AG from an outperform rating to a market perform rating in a research report on Thursday, August 31st. Four analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $19.26.

Deutsche Bank AG (NYSE DB) traded up $0.26 during trading hours on Tuesday, hitting $18.19. The company’s stock had a trading volume of 5,284,800 shares, compared to its average volume of 5,331,353. Deutsche Bank AG has a 1 year low of $15.09 and a 1 year high of $20.94. The stock has a market cap of $37,057.24, a PE ratio of 12.03 and a beta of 1.37. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its position in Deutsche Bank AG by 185.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock worth $963,000 after acquiring an additional 36,224 shares during the last quarter. First Republic Investment Management Inc. bought a new position in Deutsche Bank AG during the 3rd quarter worth approximately $180,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Deutsche Bank AG during the 3rd quarter worth approximately $1,538,000. Engineers Gate Manager LP bought a new position in Deutsche Bank AG during the 3rd quarter worth approximately $5,262,000. Finally, Brave Asset Management Inc. grew its position in Deutsche Bank AG by 21.6% during the 3rd quarter. Brave Asset Management Inc. now owns 28,321 shares of the bank’s stock worth $489,000 after acquiring an additional 5,022 shares during the last quarter. Institutional investors and hedge funds own 22.21% of the company’s stock.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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