Deutsche Bank AG (DB) Raised to Buy at HSBC Holdings PLC

HSBC Holdings PLC upgraded shares of Deutsche Bank AG (NYSE:DB) from a hold rating to a buy rating in a report released on Tuesday morning.

A number of other equities research analysts have also issued reports on the company. Macquarie lowered Deutsche Bank AG from an outperform rating to a neutral rating and set a $18.03 target price for the company. in a research note on Friday, July 28th. DZ Bank AG reiterated a buy rating on shares of Deutsche Bank AG in a research note on Thursday, July 27th. ValuEngine upgraded Deutsche Bank AG from a hold rating to a buy rating in a research note on Tuesday, September 26th. BidaskClub lowered Deutsche Bank AG from a sell rating to a strong sell rating in a research note on Friday, August 11th. Finally, Credit Suisse Group upgraded Deutsche Bank AG from an underperform rating to a neutral rating in a research note on Tuesday, September 5th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $19.26.

Deutsche Bank AG (NYSE:DB) traded up $0.09 during trading on Tuesday, hitting $19.13. The stock had a trading volume of 3,853,967 shares, compared to its average volume of 5,342,507. The stock has a market cap of $39,590.00, a P/E ratio of 12.21 and a beta of 1.37. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. Deutsche Bank AG has a 52 week low of $15.09 and a 52 week high of $20.94.

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A number of hedge funds and other institutional investors have recently modified their holdings of DB. OLD National Bancorp IN grew its stake in Deutsche Bank AG by 33.8% during the 2nd quarter. OLD National Bancorp IN now owns 20,152 shares of the bank’s stock valued at $358,000 after purchasing an additional 5,086 shares in the last quarter. Aperio Group LLC grew its stake in Deutsche Bank AG by 14.6% during the 2nd quarter. Aperio Group LLC now owns 548,303 shares of the bank’s stock valued at $9,754,000 after purchasing an additional 69,684 shares in the last quarter. Exane Asset Management grew its stake in Deutsche Bank AG by 212.2% during the 2nd quarter. Exane Asset Management now owns 319,821 shares of the bank’s stock valued at $5,673,000 after purchasing an additional 217,391 shares in the last quarter. Johnson Financial Group LLC acquired a new stake in Deutsche Bank AG during the 2nd quarter valued at approximately $549,000. Finally, Highland Capital Management LLC grew its stake in Deutsche Bank AG by 5.7% during the 2nd quarter. Highland Capital Management LLC now owns 39,262 shares of the bank’s stock valued at $698,000 after purchasing an additional 2,130 shares in the last quarter. Hedge funds and other institutional investors own 22.21% of the company’s stock.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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