Deutsche Bank AG (NYSE:DB) has received an average rating of “Hold” from the twenty-one analysts that are currently covering the stock. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.38.
DB has been the subject of a number of recent analyst reports. Vetr downgraded Deutsche Bank AG from a “strong-buy” rating to a “buy” rating and set a $16.96 target price for the company. in a report on Monday, June 20th. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a report on Friday, September 30th. Bank of America Corp. reissued a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, June 28th. Finally, HSBC restated a “hold” rating on shares of Deutsche Bank AG in a research report on Monday, September 12th.
Deutsche Bank AG (NYSE:DB) opened at 13.64 on Wednesday. The stock’s 50 day moving average is $13.68 and its 200 day moving average is $15.33. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $30.82. The firm’s market cap is $18.65 billion.
A number of hedge funds have recently bought and sold shares of DB. Pacad Investment Ltd. acquired a new stake in Deutsche Bank AG during the first quarter valued at approximately $484,000. Aviva PLC raised its position in Deutsche Bank AG by 0.6% in the first quarter. Aviva PLC now owns 1,825,217 shares of the company’s stock valued at $30,944,000 after buying an additional 9,991 shares in the last quarter. Geode Capital Management LLC purchased a new position in Deutsche Bank AG during the first quarter valued at $258,000. Barclays PLC purchased a new position in Deutsche Bank AG during the first quarter valued at $968,000. Finally, Orbitronix LP purchased a new position in Deutsche Bank AG during the first quarter valued at $508,000. Institutional investors own 24.68% of the company’s stock.
About Deutsche Bank AG
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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