Deutsche Bank AG (NYSE:DB) has been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.20.
A number of analysts recently weighed in on the stock. ValuEngine cut shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. HSBC upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reiterated a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods cut shares of Deutsche Bank from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Finally, DZ Bank restated a “buy” rating on shares of Deutsche Bank in a research note on Thursday, December 7th.
Several hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates lifted its stake in shares of Deutsche Bank by 2.6% in the 4th quarter. Raymond James & Associates now owns 133,903 shares of the bank’s stock worth $2,548,000 after acquiring an additional 3,354 shares during the period. MEAG MUNICH ERGO AssetManagement GmbH lifted its stake in shares of Deutsche Bank by 28.6% in the 3rd quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 21,874 shares of the bank’s stock worth $379,000 after acquiring an additional 4,862 shares during the period. Brave Asset Management Inc. lifted its stake in shares of Deutsche Bank by 21.6% in 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 period. Elkfork Partners LLC acquired a new stake in shares of Deutsche Bank in the 4th quarter worth $141,000. Finally, Mandatum Life Insurance Co Ltd acquired a new stake in shares of Deutsche Bank in the 4th quarter worth $160,000. Institutional investors own 23.77% of the company’s stock.
Shares of Deutsche Bank (DB) traded down $0.06 during trading hours on Wednesday, reaching $16.12. 3,113,354 shares of the company were exchanged, compared to its average volume of 5,310,000. The firm has a market cap of $33,170.00, a PE ratio of 38.38 and a beta of 1.29. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. Deutsche Bank has a 12-month low of $15.06 and a 12-month high of $20.23.
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Deutsche Bank Company Profile
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
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