Trade Report: The DZ Bank AG Reiterates “Neutral” Rating for Deutsche Bank AG (DB)

The DZ Bank AG Reiterates “Neutral” Rating for Deutsche Bank AG (DB)

Deutsche Bank AG (NYSE:DB)‘s stock had its “neutral” rating restated by stock analysts at DZ Bank AG in a research note issued to investors on Thursday.

Several other equities analysts also recently commented on the company. Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Deutsche Bank AG in a research report on Sunday, October 2nd. Citigroup Inc. reaffirmed a “hold” rating on shares of Deutsche Bank AG in a research report on Tuesday, October 25th. Santander downgraded Deutsche Bank AG from a “hold” rating to an “underweight” rating in a research report on Tuesday, September 6th. Finally, Bank of America Corp. downgraded Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $18.99.

Deutsche Bank AG (NYSE:DB) opened at 14.62 on Thursday. The stock’s market cap is $20.16 billion. Deutsche Bank AG has a 52-week low of $11.19 and a 52-week high of $28.82. The stock has a 50 day moving average price of $13.59 and a 200 day moving average price of $15.03.

Large investors have recently added to or reduced their stakes in the stock. World Asset Management Inc boosted its stake in Deutsche Bank AG by 8.1% in the third quarter. World Asset Management Inc now owns 92,269 shares of the company’s stock worth $1,208,000 after buying an additional 6,901 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in shares of Deutsche Bank AG by 66.2% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 5,766,397 shares of the company’s stock valued at $70,473,000 after buying an additional 2,296,768 shares during the last quarter. American Assets Investment Management LLC purchased a new position in shares of Deutsche Bank AG during the third quarter valued at about $1,309,000. Seminole Management Co. Inc. purchased a new position in shares of Deutsche Bank AG during the third quarter valued at about $543,000. Finally, Sanders Morris Harris Inc. purchased a new position in shares of Deutsche Bank AG during the third quarter valued at about $327,000. Institutional investors own 24.75% of the company’s stock.

Deutsche Bank AG Company Profile

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