Deutsche Bank (NYSE:DB)‘s stock had its “neutral” rating reiterated by DZ Bank in a note issued to investors on Monday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Commerzbank reissued a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 24th. Bank of America cut Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Monday, August 13th. Norddeutsche Landesbank restated a “hold” rating on shares of Deutsche Bank in a research note on Wednesday, October 24th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, September 4th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.50.
NYSE DB opened at $10.44 on Monday. Deutsche Bank has a 12-month low of $9.60 and a 12-month high of $20.23. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $21.74 billion, a P/E ratio of -17.40 and a beta of 1.35.
A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Deutsche Bank by 3,809.3% in the first quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock valued at $164,000 after acquiring an additional 11,428 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in Deutsche Bank during the first quarter valued at approximately $469,000. Millennium Management LLC acquired a new stake in Deutsche Bank during the first quarter valued at approximately $1,649,000. Allianz Asset Management GmbH lifted its stake in Deutsche Bank by 8.8% during the first quarter. Allianz Asset Management GmbH now owns 1,908,802 shares of the bank’s stock valued at $26,720,000 after purchasing an additional 154,157 shares during the last quarter. Finally, Bellecapital International Ltd. lifted its stake in Deutsche Bank by 9.6% during the second quarter. Bellecapital International Ltd. now owns 86,054 shares of the bank’s stock valued at $914,000 after purchasing an additional 7,507 shares during the last quarter. Institutional investors and hedge funds own 20.95% of the company’s stock.
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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