Deutsche Bank (DB) Given a $7.00 Price Target by Bank of America Analysts

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Bank of America set a $7.00 price target on Deutsche Bank (NYSE:DB) in a report released on Thursday, TipRanks reports. The brokerage currently has a sell rating on the bank’s stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Deutsche Bank from a sell rating to a hold rating in a research note on Monday, January 21st. Credit Suisse Group reissued a hold rating on shares of Deutsche Bank in a research note on Friday, January 18th. Warburg Research reissued a hold rating on shares of Deutsche Bank in a research note on Friday, January 25th. DZ Bank reissued a hold rating on shares of Deutsche Bank in a research note on Friday, February 1st. Finally, UBS Group reissued a hold rating on shares of Deutsche Bank in a research note on Saturday, February 2nd. Nine equities research analysts have rated the stock with a sell rating and ten have given a hold rating to the stock. The company currently has a consensus rating of Hold and an average target price of $10.00.

DB traded up $0.22 during trading on Thursday, hitting $8.61. The stock had a trading volume of 5,602,280 shares, compared to its average volume of 6,225,416. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $17.34 billion, a P/E ratio of -14.35 and a beta of 1.35. Deutsche Bank has a twelve month low of $7.62 and a twelve month high of $14.92.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new stake in Deutsche Bank during the 4th quarter worth approximately $41,000. Performa Ltd US LLC acquired a new stake in Deutsche Bank during the 4th quarter worth approximately $65,000. HPM Partners LLC acquired a new stake in Deutsche Bank during the 3rd quarter worth approximately $115,000. LPL Financial LLC acquired a new stake in Deutsche Bank during the 3rd quarter worth approximately $123,000. Finally, Cerity Partners LLC increased its position in Deutsche Bank by 13.4% during the 4th quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after purchasing an additional 1,361 shares in the last quarter. 22.98% of the stock is owned by institutional investors.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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