Bank of America upgraded shares of Deutsche Bank (NYSE:DB) from an underperform rating to a neutral rating in a research note issued to investors on Monday morning.
A number of other research firms have also weighed in on DB. Citigroup reaffirmed a sell rating on shares of Deutsche Bank in a research note on Tuesday, December 19th. UBS Group reaffirmed a neutral rating on shares of Deutsche Bank in a research note on Monday, December 11th. Keefe, Bruyette & Woods lowered shares of Deutsche Bank from a market perform rating to an underperform rating in a research note on Monday, November 20th. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Deutsche Bank in a research note on Monday, November 20th. Finally, Goldman Sachs Group reaffirmed a neutral rating on shares of Deutsche Bank in a research note on Tuesday, December 5th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $18.08.
Shares of Deutsche Bank (DB) opened at $16.08 on Monday. Deutsche Bank has a one year low of $15.06 and a one year high of $20.71. The firm has a market cap of $33,400.00, a PE ratio of -40.20 and a beta of 1.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35.
Several hedge funds have recently added to or reduced their stakes in DB. River & Mercantile Asset Management LLP purchased a new stake in shares of Deutsche Bank during the third quarter valued at about $1,833,000. Third Avenue Management LLC lifted its position in shares of Deutsche Bank by 25.0% during the third quarter. Third Avenue Management LLC now owns 500,000 shares of the bank’s stock valued at $8,640,000 after buying an additional 100,000 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Deutsche Bank during the third quarter valued at about $3,580,000. Wright Investors Service Inc. purchased a new stake in shares of Deutsche Bank during the third quarter valued at about $241,000. Finally, MEAG MUNICH ERGO AssetManagement GmbH lifted its position in shares of Deutsche Bank by 28.6% during the third quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 21,874 shares of the bank’s stock valued at $379,000 after buying an additional 4,862 shares during the last quarter. 19.34% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: “Deutsche Bank (DB) Upgraded to “Neutral” by Bank of America” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2018/02/20/deutsche-bank-db-upgraded-to-neutral-by-bank-of-america.html.
About Deutsche Bank
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.