The Deutsche Bank AG (DB) Stock Rating Reaffirmed by Bank of America Corp.

The Deutsche Bank AG (DB) Stock Rating Reaffirmed by Bank of America Corp.

Deutsche Bank AG (NYSE:DB)‘s stock had its “underperform” rating reiterated by equities research analysts at Bank of America Corp. in a report released on Wednesday. They presently have a $10.00 target price on the stock. Bank of America Corp.’s price target would suggest a potential downside of 26.69% from the company’s previous close.

A number of other brokerages also recently issued reports on DB. DZ Bank AG reissued a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. Goldman Sachs Group Inc. reissued a “hold” rating on shares of Deutsche Bank AG in a report on Sunday, October 2nd. Credit Suisse Group AG reissued an “underperform” rating on shares of Deutsche Bank AG in a report on Sunday, October 2nd. Barclays PLC downgraded Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $28.00 to $16.50 in a research note on Thursday, June 9th. Finally, Zacks Investment Research raised Deutsche Bank AG from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Seven research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.99.

Deutsche Bank AG (NYSE:DB) traded up 0.81% on Wednesday, hitting $13.64. 20,586,560 shares of the company were exchanged. The stock’s market capitalization is $18.65 billion. Deutsche Bank AG has a 52-week low of $11.19 and a 52-week high of $30.82. The stock’s 50-day moving average price is $13.68 and its 200-day moving average price is $15.33.

10/08/deutsche-bank-ag-db-stock-rating-reaffirmed-by-bank-of-america-corp.html

A number of hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its position in shares of Deutsche Bank AG by 0.5% in the second quarter. Rhumbline Advisers now owns 15,415 shares of the company’s stock valued at $212,000 after buying an additional 74 shares during the period. Creative Planning raised its position in shares of 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. Comerica Bank raised its position in shares of Deutsche Bank AG by 2.7% in the second quarter. Comerica Bank now owns 76,576 shares of the company’s stock valued at $1,051,000 after buying an additional 1,985 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of Deutsche Bank AG by 18.9% in the second quarter. Oppenheimer & Co. Inc. now owns 12,582 shares of the company’s stock valued at $172,000 after buying an additional 2,000 shares during the period. Finally, Capital Investment Counsel Inc raised its position in shares of Deutsche Bank AG by 6.7% in the second quarter. Capital Investment Counsel Inc now owns 53,015 shares of the company’s stock valued at $728,000 after buying an additional 3,325 shares during the period. Institutional investors own 24.68% of the company’s stock.

Deutsche Bank AG Company Profile

Related posts

Leave a Comment