Deutsche Bank (NYSE:DB) Stock Rating Reaffirmed by DZ Bank

Deutsche Bank (NYSE:DB)‘s stock had its “neutral” rating restated by investment analysts at DZ Bank in a report issued on Tuesday, Borsen Zeitung reports.

A number of other research analysts also recently weighed in on DB. UBS Group upgraded shares of to a “neutral” rating and upped their price objective for the stock from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a research report on Thursday, June 20th. Royal Bank of Canada restated a “sell” rating and set a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Zacks Investment Research downgraded shares of Horiba from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Norddeutsche Landesbank restated a “hold” rating and set a $8.00 price target on shares of Deutsche Bank in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. restated a “hold” rating and set a $7.00 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Nine research analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.40.

Shares of Deutsche Bank stock traded up $0.08 during trading hours on Tuesday, reaching $7.48. The stock had a trading volume of 4,914,569 shares, compared to its average volume of 5,295,468. The company’s 50 day simple moving average is $7.18. The stock has a market cap of $15.05 billion, a price-to-earnings ratio of -748.00 and a beta of 1.51. Deutsche Bank has a twelve month low of $6.61 and a twelve month high of $13.17. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.27.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $7.21 billion during the quarter. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. On average, analysts forecast that Deutsche Bank will post 0.6 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Laurel Wealth Advisors Inc. purchased a new position in Deutsche Bank during the 1st quarter worth $99,000. Banco Santander S.A. grew its position in Deutsche Bank by 75.9% during the 1st quarter. Banco Santander S.A. now owns 164,415 shares of the bank’s stock worth $1,341,000 after purchasing an additional 70,967 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Deutsche Bank by 12.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after purchasing an additional 1,904,859 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in Deutsche Bank during the 1st quarter worth $514,000. Finally, CIBC World Markets Inc. grew its position in Deutsche Bank by 38.2% during the 1st quarter. CIBC World Markets Inc. now owns 47,404 shares of the bank’s stock worth $385,000 after purchasing an additional 13,100 shares during the last quarter. 19.34% of the stock is owned by institutional investors.

Deutsche Bank Company Profile

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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