Deutsche Bank AG (NYSE:DB) Receives $7.01 Consensus PT from Analysts

Shares of Deutsche Bank AG (NYSE:DB) have received an average recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat reports. Nine research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.01.

Several research analysts recently weighed in on the company. Credit Suisse Group reiterated a “sell” rating and set a $6.00 price target on shares of Deutsche Bank in a research report on Monday, July 1st. Bank of America reiterated a “sell” rating on shares of Deutsche Bank in a research report on Monday, July 8th. Royal Bank of Canada reiterated a “sell” rating and set a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Norddeutsche Landesbank reiterated a “hold” rating and set a $8.00 price target on shares of Deutsche Bank in a research report on Friday, April 26th. Finally, DZ Bank reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, July 24th.

A number of institutional investors and hedge funds have recently modified their holdings of DB. UBS Asset Management Americas Inc. grew its holdings in Deutsche Bank by 2,423.4% in the second quarter. UBS Asset Management Americas Inc. now owns 4,845 shares of the bank’s stock valued at $37,000 after purchasing an additional 4,653 shares during the period. Stonebridge Capital Advisors LLC acquired a new stake in Deutsche Bank in the second quarter valued at approximately $43,000. Glen Harbor Capital Management LLC grew its holdings in Deutsche Bank by 19.4% in the second quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after purchasing an additional 1,744 shares during the period. Signaturefd LLC grew its holdings in Deutsche Bank by 161.8% in the second quarter. Signaturefd LLC now owns 11,954 shares of the bank’s stock valued at $91,000 after purchasing an additional 7,388 shares during the period. Finally, Laurel Wealth Advisors Inc. acquired a new stake in Deutsche Bank in the first quarter valued at approximately $99,000. 20.13% of the stock is currently owned by institutional investors.

Shares of NYSE:DB traded up $0.50 during trading on Wednesday, hitting $6.94. The stock had a trading volume of 14,435,600 shares, compared to its average volume of 6,732,241. The stock has a 50-day simple moving average of $7.64 and a two-hundred day simple moving average of $7.99. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.32. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of -694.00 and a beta of 1.52. Deutsche Bank has a 12-month low of $6.44 and a 12-month high of $12.52.

Deutsche Bank (NYSE:DB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported ($1.86) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($2.03). The company had revenue of $6.97 billion for the quarter. Deutsche Bank had a negative net margin of 8.73% and a negative return on equity of 4.63%. As a group, sell-side analysts forecast that Deutsche Bank will post 0.33 earnings per share for the current year.

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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