Deutsche Bank (NYSE:DB)‘s stock had its “buy” rating reiterated by equities researchers at DZ Bank in a report released on Friday, March 16th.
A number of other analysts also recently issued reports on the company. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, December 19th. UBS reissued a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. Bank of America raised Deutsche Bank from an “underperform” rating to a “neutral” rating in a research report on Monday, February 19th. ValuEngine downgraded Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. Finally, HSBC downgraded Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $18.08.
DB stock traded down $0.45 during midday trading on Friday, reaching $13.87. The stock had a trading volume of 4,373,711 shares, compared to its average volume of 4,887,731. Deutsche Bank has a 52-week low of $13.52 and a 52-week high of $20.23. The firm has a market capitalization of $29,596.19, a P/E ratio of -23.12 and a beta of 1.44. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.84 and a current ratio of 0.84.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates lifted its stake in Deutsche Bank by 2.6% during the fourth quarter. Raymond James & Associates now owns 133,903 shares of the bank’s stock worth $2,548,000 after purchasing an additional 3,354 shares during the last quarter. Brave Asset Management Inc. lifted its stake in Deutsche Bank by 21.6% during the third quarter. Brave Asset Management Inc. now owns 28,321 shares of the bank’s stock worth $489,000 after purchasing an additional 5,022 shares during the last quarter. Elkfork Partners LLC purchased a new stake in Deutsche Bank during the fourth quarter worth approximately $141,000. Mandatum Life Insurance Co Ltd purchased a new stake in Deutsche Bank during the fourth quarter worth approximately $160,000. Finally, Mackenzie Financial Corp lifted its stake in Deutsche Bank by 85.9% during the fourth quarter. Mackenzie Financial Corp now owns 21,419 shares of the bank’s stock worth $408,000 after purchasing an additional 9,898 shares during the last quarter. Institutional investors and hedge funds own 25.00% of the company’s stock.
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Deutsche Bank Company Profile
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. The company's Global Markets segment offers financial markets' products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.
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