Deutsche Bank AG (DB) Receives $8.00 Average PT from Analysts

Deutsche Bank AG (NYSE:DB) has received an average recommendation of “Hold” from the nineteen brokerages that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $8.00.

DB has been the topic of several research analyst reports. Morgan Stanley reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, November 27th. UBS Group reaffirmed a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, January 16th. ValuEngine upgraded Deutsche Bank from a “strong sell” rating to a “sell” rating in a research note on Wednesday, January 2nd. Royal Bank of Canada reiterated a “sell” rating on shares of Deutsche Bank in a research note on Saturday, February 2nd. Finally, DZ Bank reiterated a “neutral” rating on shares of Deutsche Bank in a research note on Friday, December 28th.

Institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC boosted its position in Deutsche Bank by 13.4% during the fourth quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after purchasing an additional 1,361 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Deutsche Bank by 19.2% in the fourth quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after buying an additional 2,294 shares during the period. Wetherby Asset Management Inc. boosted its position in shares of Deutsche Bank by 12.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 23,021 shares of the bank’s stock worth $188,000 after buying an additional 2,531 shares during the period. Partnervest Advisory Services LLC boosted its position in shares of Deutsche Bank by 16.2% in the fourth quarter. Partnervest Advisory Services LLC now owns 21,500 shares of the bank’s stock worth $175,000 after buying an additional 3,000 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Deutsche Bank by 42.5% in the fourth quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock worth $126,000 after buying an additional 4,704 shares during the period. Hedge funds and other institutional investors own 22.00% of the company’s stock.

Shares of NYSE DB traded down $0.22 during midday trading on Friday, hitting $8.21. 6,548,498 shares of the company’s stock were exchanged, compared to its average volume of 5,088,552. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. Deutsche Bank has a twelve month low of $7.62 and a twelve month high of $14.92. The firm has a market capitalization of $17.20 billion, a PE ratio of -13.68 and a beta of 1.37.

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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