Deutsche Bank (DB) Upgraded to “Neutral” by Bank of America

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.

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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.

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