Deutsche Bank AG (DB) Receives $7.30 Consensus Target Price from Brokerages

Shares of Deutsche Bank AG (NYSE:DB) have been assigned an average rating of “Hold” from the nineteen brokerages that are covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a sell recommendation and ten have given a hold recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.30.

Several equities analysts recently commented on DB shares. Credit Suisse Group reiterated a “sell” rating and issued a $6.50 price objective on shares of Deutsche Bank in a research note on Monday, April 29th. DZ Bank reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, March 13th. Norddeutsche Landesbank reiterated a “hold” rating and issued a $8.00 price objective on shares of Deutsche Bank in a research report on Friday, April 26th. Royal Bank of Canada reiterated a “sell” rating on shares of Deutsche Bank in a research report on Saturday, February 2nd. Finally, Zacks Investment Research upgraded Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Monday, January 14th.

Deutsche Bank stock traded down $0.15 during trading on Monday, hitting $7.73. The stock had a trading volume of 2,556,359 shares, compared to its average volume of 5,191,832. Deutsche Bank has a 1 year low of $7.62 and a 1 year high of $13.98. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.09 EPS for the quarter, beating the consensus estimate of $0.07 by $0.02. Deutsche Bank had a return on equity of 0.48% and a net margin of 0.88%. The business had revenue of $7.21 billion for the quarter. Sell-side analysts expect that Deutsche Bank will post 0.56 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Deutsche Bank during the fourth quarter valued at about $161,774,000. Hudson Executive Capital LP grew its stake in shares of Deutsche Bank by 8.8% in the fourth quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock worth $528,624,000 after purchasing an additional 5,270,000 shares during the last quarter. Amundi Pioneer Asset Management Inc. grew its stake in shares of Deutsche Bank by 14.6% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock worth $132,185,000 after purchasing an additional 2,065,264 shares during the last quarter. TB Alternative Assets Ltd. bought a new stake in shares of Deutsche Bank in the first quarter worth about $10,672,000. Finally, Shah Capital Management bought a new stake in shares of Deutsche Bank in the fourth quarter worth about $10,610,000. 23.02% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: Federal Reserve

Analyst Recommendations for Deutsche Bank (NYSE:DB)

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.