Deutsche Bank’s (DB) “Neutral” Rating Reiterated at DZ Bank

DZ Bank restated their neutral rating on shares of Deutsche Bank (NYSE:DB) in a research note released on Wednesday morning, AnalystRatings.com reports.

A number of other analysts also recently weighed in on DB. Morgan Stanley restated an underweight rating on shares of Deutsche Bank in a report on Wednesday, July 8th. Norddeutsche Landesbank reaffirmed a hold rating on shares of Deutsche Bank in a research report on Thursday, April 30th. Royal Bank of Canada reaffirmed a sell rating on shares of Deutsche Bank in a research report on Friday, May 1st. UBS Group reaffirmed a hold rating on shares of Deutsche Bank in a research report on Friday, May 8th. Finally, ValuEngine cut shares of Deutsche Bank from a strong-buy rating to a buy rating in a research report on Friday, May 1st. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Deutsche Bank presently has an average rating of Hold and a consensus price target of $7.00.

Shares of NYSE:DB traded down $0.08 during trading on Wednesday, hitting $8.92. 3,462,399 shares of the company were exchanged, compared to its average volume of 4,201,998. The business’s 50 day moving average is $9.57 and its 200-day moving average is $8.28. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 2.46. Deutsche Bank has a 1-year low of $4.99 and a 1-year high of $11.16.

Deutsche Bank (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.13. The company had revenue of $7 billion during the quarter. Deutsche Bank had a negative net margin of 7.49% and a negative return on equity of 3.77%. On average, equities analysts predict that Deutsche Bank will post -0.31 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Capital Research Global Investors purchased a new stake in Deutsche Bank during the first quarter valued at approximately $519,094,000. Norges Bank purchased a new stake in Deutsche Bank during the fourth quarter valued at approximately $76,009,000. Two Sigma Advisers LP increased its holdings in Deutsche Bank by 877.0% during the first quarter. Two Sigma Advisers LP now owns 4,515,423 shares of the bank’s stock valued at $28,989,000 after buying an additional 4,053,231 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Deutsche Bank by 316.8% in the first quarter. The Manufacturers Life Insurance Company now owns 4,623,672 shares of the bank’s stock worth $29,684,000 after purchasing an additional 3,514,443 shares in the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd purchased a new stake in shares of Deutsche Bank in the second quarter worth $25,635,000. Hedge funds and other institutional investors own 24.77% of the company’s stock.

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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