Deutsche Bank AG (NYSE:DB) was upgraded by equities research analysts at Vetr from a “strong sell” rating to a “sell” rating in a research note issued on Monday. The brokerage currently has a $14.38 price objective on the stock. Vetr‘s price objective points to a potential downside of 8.70% from the company’s previous close.
Other equities research analysts have also issued reports about the company. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a research note on Friday, September 30th. HSBC reissued a “hold” rating on shares of Deutsche Bank AG in a research note on Monday, September 12th. Zacks Investment Research raised Deutsche Bank AG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Bank of America Corp. raised Deutsche Bank AG to a “hold” rating in a research note on Friday, September 30th. Finally, Goldman Sachs Group Inc. reissued a “hold” rating on shares of Deutsche Bank AG in a research note on Sunday, October 2nd. Six equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $15.98.
Deutsche Bank AG (NYSE:DB) traded down 0.25% during midday trading on Monday, reaching $15.75. The company’s stock had a trading volume of 1,821,114 shares. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $26.18. The stock’s 50-day moving average price is $14.55 and its 200-day moving average price is $14.66. The firm’s market capitalization is $21.72 billion.
A number of institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock valued at $101,000 after buying an additional 1,700 shares during the period. Burney Co. bought a new position in Deutsche Bank AG during the second quarter valued at $138,000. National Asset Management Inc. bought a new position in Deutsche Bank AG during the third quarter valued at $134,000. IPG Investment Advisors LLC bought a new position in Deutsche Bank AG during the third quarter valued at $141,000. Finally, US Bancorp DE raised its position in Deutsche Bank AG by 45.7% in the third quarter. US Bancorp DE now owns 11,770 shares of the company’s stock valued at $154,000 after buying an additional 3,690 shares during the period. Institutional investors own 24.66% of the company’s stock.
About Deutsche Bank AG
Deutsche Bank AG is a global investment bank. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.