DZ Bank Reaffirms “Buy” Rating for Deutsche Bank (DB)

DZ Bank restated their buy rating on shares of Deutsche Bank (NYSE:DB) in a research note released on Thursday morning.

A number of other equities analysts also recently issued reports on the company. Citigroup reaffirmed a sell rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. UBS reaffirmed 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $18.08.

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Shares of DB stock opened at $13.98 on Thursday. The firm has a market cap of $28,893.48, a PE ratio of -23.30 and a beta of 1.30. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.84 and a current ratio of 0.84. Deutsche Bank has a 12-month low of $13.67 and a 12-month high of $20.23.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Comerica Bank acquired a new position in shares of Deutsche Bank in the 3rd quarter valued at $1,871,000. Oppenheimer & Co. Inc. acquired a new position in shares of Deutsche Bank in the 3rd quarter valued at $374,000. Virginia Retirement Systems ET AL acquired a new position in shares of Deutsche Bank in the 3rd quarter valued at $319,000. Trexquant Investment LP acquired a new position in shares of Deutsche Bank in the 3rd quarter valued at $706,000. Finally, Mackenzie Financial Corp acquired a new position in shares of Deutsche Bank in the 3rd quarter valued at $199,000. 25.00% of the stock is currently owned by hedge funds and other institutional investors.

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About Deutsche Bank

Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.

Analyst Recommendations for Deutsche Bank (NYSE:DB)

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