Zacks Investment Research upgraded shares of Deutsche Bank AG (NYSE:DB) from a strong sell rating to a hold rating in a research report report published on Monday, June 12th.
According to Zacks, “Deutsche Bank has underperformed the Zacks categorized Foreign Banks industry over the past one year. Profitability remains threatened by a stressed operating environment, slow growth of the European economy and global headwinds. However, the recent capital raising initiative will enable the banking giant to meet regulatory requirements and investment targets across core businesses and enhance its competitiveness. Further, revenue challenges should ease to some extent as the company is expediting new targets. Nevertheless, the company’s margins continue to remain under pressure. Also, litigation burden might increase expenses.”
Several other brokerages also recently commented on DB. DZ Bank AG restated a sell rating on shares of Deutsche Bank AG in a research report on Monday, March 6th. Barclays PLC reiterated a neutral rating on shares of Deutsche Bank AG in a report on Thursday, June 8th. J P Morgan Chase & Co restated a neutral rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. Natixis restated a reduce rating on shares of Deutsche Bank AG in a report on Monday, March 6th. Finally, Macquarie raised shares of Deutsche Bank AG from an underperform rating to an outperform rating in a research note on Friday, April 21st. Six analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Deutsche Bank AG has a consensus rating of Hold and a consensus target price of $18.27.
Shares of Deutsche Bank AG (NYSE:DB) traded down 1.423% during trading on Monday, hitting $16.975. The stock had a trading volume of 1,401,647 shares. The company’s 50 day moving average price is $18.23 and its 200 day moving average price is $18.45. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $20.94. The company’s market capitalization is $23.34 billion.
Institutional investors have recently bought and sold shares of the stock. Banco Santander S.A. bought a new position in Deutsche Bank AG during the fourth quarter valued at about $44,842,000. Two Sigma Investments LP boosted its stake in shares of Deutsche Bank AG by 97.5% in the fourth quarter. Two Sigma Investments LP now owns 22,126 shares of the bank’s stock worth $400,000 after buying an additional 10,922 shares during the period. Intellectus Partners LLC acquired a new stake in shares of Deutsche Bank AG during the fourth quarter worth approximately $830,000. Public Sector Pension Investment Board boosted its stake in shares of Deutsche Bank AG by 1.6% in the fourth quarter. Public Sector Pension Investment Board now owns 645,396 shares of the bank’s stock worth $11,743,000 after buying an additional 10,035 shares during the period. Finally, Tyers Asset Management LLC acquired a new stake in shares of Deutsche Bank AG during the fourth quarter worth approximately $135,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Deutsche Bank AG Company Profile
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