Deutsche Bank (NYSE:DB) Given Sell Rating at Barclays

Barclays reissued their sell rating on shares of Deutsche Bank (NYSE:DB) in a research note issued to investors on Wednesday morning, AnalystRatings.com reports. They currently have a $5.00 target price on the bank’s stock.

DB has been the subject of several other research reports. Bank of America reaffirmed a sell rating on shares of Deutsche Bank in a research report on Monday, July 8th. HSBC reaffirmed a hold rating on shares of Societe Generale in a research report on Thursday, April 4th. JPMorgan Chase & Co. reaffirmed a hold rating and issued a $7.00 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Royal Bank of Canada reaffirmed a sell rating and issued a $7.50 price target on shares of Deutsche Bank in a research report on Thursday, April 25th. Finally, ValuEngine lowered Welbilt from a hold rating to a sell rating in a research report on Wednesday, June 12th. Eight research analysts have rated the stock with a sell rating and eleven have issued a hold rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $7.27.

Shares of DB stock opened at $7.72 on Wednesday. Deutsche Bank has a 12 month low of $6.61 and a 12 month high of $13.17. The company has a market cap of $15.96 billion, a PE ratio of 386.00 and a beta of 1.51. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. The firm’s fifty day simple moving average is $7.29.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $7.21 billion during the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. Equities research analysts expect that Deutsche Bank will post 0.34 earnings per share for the current year.

A number of large investors have recently modified their holdings of the business. Hudson Executive Capital LP raised its position in 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 buying an additional 5,270,000 shares during the last quarter. Norges Bank purchased a new stake in shares of Deutsche Bank during the 4th quarter valued at about $161,774,000. DekaBank Deutsche Girozentrale increased its position in shares of Deutsche Bank by 12.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock valued at $200,006,000 after purchasing an additional 1,904,859 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of Deutsche Bank by 14.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock valued at $132,185,000 after purchasing an additional 2,065,264 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Deutsche Bank by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,979,508 shares of the bank’s stock valued at $48,733,000 after purchasing an additional 326,350 shares during the last quarter. 19.34% of the stock is owned by institutional investors and hedge funds.

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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