Stock analysts at StockNews.com started coverage on shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Rating) in a report issued on Thursday. The firm set a "buy" rating on the bank's stock.
Several other analysts have also issued reports on DB. Royal Bank of Canada upgraded shares of Deutsche Bank Aktiengesellschaft from a "sector perform" rating to an "outperform" rating and set a $14.00 target price for the company in a research report on Friday, November 25th. JPMorgan Chase & Co. boosted their target price on shares of Deutsche Bank Aktiengesellschaft from €13.00 ($13.98) to €15.00 ($16.13) and gave the company an "overweight" rating in a research report on Tuesday, December 6th. Finally, Bank of America lowered shares of Deutsche Bank Aktiengesellschaft from a "neutral" rating to an "underperform" rating in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of "Hold" and a consensus target price of $13.81.
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Deutsche Bank Aktiengesellschaft Stock Performance
Shares of DB stock opened at $10.50 on Thursday. The company has a 50 day moving average price of $12.50 and a 200-day moving average price of $10.59. The company has a quick ratio of 0.79, a current ratio of 0.76 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $21.70 billion, a PE ratio of 4.23, a P/E/G ratio of 0.90 and a beta of 1.38. Deutsche Bank Aktiengesellschaft has a 52 week low of $7.24 and a 52 week high of $13.57.
Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft
Institutional investors and hedge funds have recently bought and sold shares of the business. Waterfront Wealth Inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $414,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Deutsche Bank Aktiengesellschaft by 7.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,637,589 shares of the bank's stock valued at $12,266,000 after acquiring an additional 111,085 shares during the period. Ossiam raised its holdings in Deutsche Bank Aktiengesellschaft by 31.6% during the second quarter. Ossiam now owns 1,983,666 shares of the bank's stock valued at $17,250,000 after acquiring an additional 475,999 shares during the period. Pinnacle Holdings LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 51.8% during the second quarter. Pinnacle Holdings LLC now owns 24,900 shares of the bank's stock valued at $218,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in shares of Deutsche Bank Aktiengesellschaft by 0.3% during the second quarter. Public Sector Pension Investment Board now owns 1,027,773 shares of the bank's stock valued at $8,938,000 after purchasing an additional 2,737 shares in the last quarter. 24.67% of the stock is owned by institutional investors.
Deutsche Bank Aktiengesellschaft Company Profile
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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division.
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