Bank of America Corp. Reiterates $11.00 Price Target for Deutsche Bank AG (DB)
Deutsche Bank AG (NYSE:DB) has been assigned a $11.00 target price by Bank of America Corp. in a research note issued to investors on Monday. The brokerage presently has a a “sell” rating on the stock. Bank of America Corp.’s price objective would suggest a potential downside of 14.63% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Barclays PLC downgraded shares of Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $28.00 to $16.50 in a report on Thursday, June 9th. Vetr downgraded shares of Deutsche Bank AG from a “strong-buy” rating to a “buy” rating and set a $16.96 price target for the company. in a report on Monday, June 20th. Societe Generale reiterated a “sell” rating on shares of Deutsche Bank AG in a report on Monday, June 13th. HSBC reiterated a “hold” rating on shares of Deutsche Bank AG in a report on Monday, September 12th. Finally, Santander downgraded shares of Deutsche Bank AG from a “hold” rating to an “underweight” rating in a report on Tuesday, September 6th. Seven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company. Deutsche Bank AG currently has a consensus rating of “Hold” and a consensus target price of $19.11.
Deutsche Bank AG (NYSE:DB) traded down 2.22% during midday trading on Monday, reaching $12.80. The company had a trading volume of 15,160,236 shares. The stock’s market cap is $17.50 billion. The firm has a 50-day moving average of $13.79 and a 200-day moving average of $15.54. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $30.82.
Several institutional investors have recently added to or reduced their stakes in DB. Macquarie Group Ltd. boosted its position in Deutsche Bank AG by 12,621,052.9% in the second quarter. Macquarie Group Ltd. now owns 36,475,132 shares of the company’s stock worth $500,803,000 after buying an additional 36,474,843 shares during the period. Svenska Handelsbanken AB publ bought a new position in Deutsche Bank AG during the second quarter worth about $38,650,000. Shah Capital Management bought a new position in Deutsche Bank AG during the second quarter worth about $7,029,000. Prudential PLC boosted its position in Deutsche Bank AG by 12.2% in the second quarter. Prudential PLC now owns 4,688,215 shares of the company’s stock worth $64,369,000 after buying an additional 511,514 shares during the period. Finally, Societe Generale bought a new position in Deutsche Bank AG during the second quarter worth about $6,894,000. 24.68% of the stock is currently owned by institutional investors.
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.
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