Deutsche Bank (NYSE:DB) Shares Gap Up to $7.92

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Deutsche Bank AG (NYSE:DB)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $7.69, but opened at $7.92. Deutsche Bank shares last traded at $8.08, with a volume of 5,714,294 shares changing hands.

A number of brokerages have commented on DB. Bank of America reiterated a “sell” rating on shares of Deutsche Bank in a research report on Monday, July 8th. Goldman Sachs Group reiterated a “hold” rating and issued a $7.80 price objective on shares of Deutsche Bank in a research report on Tuesday, July 23rd. Barclays reiterated a “sell” rating and issued a $5.00 price objective on shares of Deutsche Bank in a research report on Wednesday, July 17th. UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, October 15th. Finally, Zacks Investment Research downgraded Deutsche Bank from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a research report on Monday, September 9th. Nine analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $7.01.

The company has a 50 day moving average price of $7.68 and a 200 day moving average price of $7.63. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of -808.00 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.32.

Deutsche Bank (NYSE:DB) last released its earnings results on Wednesday, July 24th. The bank reported ($1.86) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($2.03). The firm had revenue of $6.97 billion during the quarter. Deutsche Bank had a negative net margin of 8.73% and a negative return on equity of 4.63%. Equities analysts predict that Deutsche Bank AG will post 0.16 earnings per share for the current year.

Several institutional investors have recently modified their holdings of DB. UBS Asset Management Americas Inc. lifted its holdings in shares of Deutsche Bank by 2,423.4% in the second quarter. UBS Asset Management Americas Inc. now owns 4,845 shares of the bank’s stock valued at $37,000 after purchasing an additional 4,653 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of Deutsche Bank in the second quarter valued at about $43,000. Glen Harbor Capital Management LLC lifted its holdings in shares of Deutsche Bank by 19.4% in the second quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after purchasing an additional 1,744 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Deutsche Bank by 161.8% in the second quarter. Signaturefd LLC now owns 11,954 shares of the bank’s stock valued at $91,000 after purchasing an additional 7,388 shares in the last quarter. Finally, Tyers Asset Management LLC lifted its holdings in shares of Deutsche Bank by 19.4% in the second quarter. Tyers Asset Management LLC now owns 14,784 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,398 shares in the last quarter. Institutional investors own 21.94% of the company’s stock.

About Deutsche Bank (NYSE:DB)

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.

Further Reading: Gross Domestic Product (GDP)

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