Deutsche Bank AG (NYSE:DB) has been assigned a $11.00 price objective by Bank of America Corp. in a report released on Monday. The firm presently has a a “sell” rating on the stock. Bank of America Corp.’s price objective would suggest a potential downside of 14.63% from the stock’s current price.
A number of other research analysts also recently commented on the stock. Vetr downgraded shares of Deutsche Bank AG from a “strong-buy” rating to a “sell” rating and set a $11.89 target price on the stock. in a research report on Monday. Goldman Sachs Group Inc. restated a “hold” rating on shares of Deutsche Bank AG in a report on Sunday. Credit Suisse Group AG restated an “underperform” rating on shares of Deutsche Bank AG in a report on Sunday. DZ Bank AG restated a “buy” rating on shares of Deutsche Bank AG in a report on Friday. Finally, Zacks Investment Research upgraded shares of Deutsche Bank AG from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Seven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $19.11.
Shares of Deutsche Bank AG (NYSE:DB) traded down 2.22% during midday trading on Monday, hitting $12.80. 15,160,236 shares of the stock traded hands. The company’s 50-day moving average is $13.79 and its 200 day moving average is $15.54. The firm’s market capitalization is $17.50 billion. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $30.82.
A number of hedge funds have recently made changes to their positions in DB. Macquarie Group Ltd. raised its position in Deutsche Bank AG by 12,621,052.9% in the second quarter. Macquarie Group Ltd. now owns 36,475,132 shares of the company’s stock valued at $500,803,000 after buying an additional 36,474,843 shares during the period. Prudential PLC raised its position in Deutsche Bank AG by 12.2% in the second quarter. Prudential PLC now owns 4,688,215 shares of the company’s stock valued at $64,369,000 after buying an additional 511,514 shares during the period. Svenska Handelsbanken AB publ purchased a new position in Deutsche Bank AG during the second quarter valued at $38,650,000. Aviva PLC raised its position in Deutsche Bank AG by 8.0% in the second quarter. Aviva PLC now owns 1,971,925 shares of the company’s stock valued at $26,927,000 after buying an additional 146,708 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deutsche Bank AG by 16.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,212,538 shares of the company’s stock valued at $16,603,000 after buying an additional 172,801 shares during the period. Institutional investors and hedge funds own 24.68% of the company’s stock.
Deutsche Bank AG Company Profile
Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.
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