Deutsche Bank (DBK) Given a €8.00 Price Target by Berenberg Bank Analysts

Deutsche Bank (FRA:DBK) received a €8.00 ($9.30) price objective from stock analysts at Berenberg Bank in a note issued to investors on Friday. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 12.68% from the company’s current price.

DBK has been the subject of several other reports. Barclays set a €8.00 ($9.30) target price on shares of Deutsche Bank and gave the stock a “sell” rating in a report on Monday, August 6th. HSBC set a €12.00 ($13.95) target price on shares of Deutsche Bank and gave the stock a “neutral” rating in a report on Thursday, August 9th. Morgan Stanley set a €9.00 ($10.47) target price on shares of Deutsche Bank and gave the stock a “sell” rating in a report on Friday, August 10th. Credit Suisse Group set a €11.00 ($12.79) target price on shares of Deutsche Bank and gave the stock a “neutral” rating in a report on Thursday, July 26th. Finally, JPMorgan Chase & Co. set a €11.00 ($12.79) target price on shares of Deutsche Bank and gave the stock a “neutral” rating in a report on Wednesday, July 25th. Eleven investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €10.47 ($12.17).

Shares of FRA DBK traded up €0.21 ($0.24) during midday trading on Friday, hitting €9.16 ($10.65). 14,194,254 shares of the company’s stock traded hands. Deutsche Bank has a 1 year low of €12.36 ($14.37) and a 1 year high of €18.49 ($21.50).

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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