Deutsche Bank (DB) Rating Reiterated by HSBC

Deutsche Bank (NYSE:DB)‘s stock had its “hold” rating reiterated by analysts at HSBC in a research note issued to investors on Tuesday.

Other equities analysts have also recently issued reports about the stock. DZ Bank reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday. Zacks Investment Research cut shares of Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. UBS Group reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Wednesday, January 16th. Credit Suisse Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Monday, December 17th. Finally, Barclays set a $8.00 price target on shares of Deutsche Bank and gave the stock a “sell” rating in a research note on Tuesday, November 20th. Nine analysts have rated the stock with a sell rating and ten have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $11.00.

Shares of DB stock traded down $0.19 during trading hours on Tuesday, reaching $9.08. 3,371,347 shares of the stock were exchanged, compared to its average volume of 4,116,128. Deutsche Bank has a 12-month low of $7.62 and a 12-month high of $15.78. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The stock has a market cap of $18.35 billion, a PE ratio of -15.13 and a beta of 1.37.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Deutsche Bank in the 4th quarter worth approximately $161,774,000. Hudson Executive Capital LP lifted its position in shares of Deutsche Bank by 8.8% in the 4th quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock worth $528,624,000 after purchasing an additional 5,270,000 shares during the period. Amundi Pioneer Asset Management Inc. lifted its position in shares of Deutsche Bank by 14.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock worth $132,185,000 after purchasing an additional 2,065,264 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Deutsche Bank in the 4th quarter worth approximately $1,116,000. Finally, Stamos Capital Partners L.P. purchased a new stake in shares of Deutsche Bank in the 4th quarter worth approximately $261,000. 22.00% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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