Deutsche Bank AG (DB) Downgraded by Vetr Inc. to Sell
Deutsche Bank AG (NYSE:DB) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “sell” rating in a research report issued on Monday. They presently have a $11.89 price target on the stock. Vetr‘s price target would indicate a potential downside of 9.17% from the stock’s previous close.
Several other brokerages also recently weighed in on DB. DZ Bank AG restated a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. Goldman Sachs Group Inc. restated a “neutral” rating on shares of Deutsche Bank AG in a report on Sunday. Bank of America Corp. upgraded Deutsche Bank AG to a “neutral” rating in a report on Friday. Credit Suisse Group AG restated an “underperform” rating on shares of Deutsche Bank AG in a report on Sunday. Finally, Barclays PLC downgraded Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $28.00 to $16.50 in a report on Thursday, June 9th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. Deutsche Bank AG currently has a consensus rating of “Hold” and a consensus target price of $19.25.
Deutsche Bank AG (NYSE:DB) opened at 13.09 on Monday. Deutsche Bank AG has a one year low of $11.19 and a one year high of $30.82. The firm has a 50-day moving average price of $13.79 and a 200-day moving average price of $15.54. The firm’s market capitalization is $17.89 billion.
A number of hedge funds have recently bought and sold shares of the company. Creative Planning boosted its stake in Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock worth $101,000 after buying an additional 1,700 shares during the last quarter. Burney Co. acquired a new stake in Deutsche Bank AG during the second quarter valued at approximately $138,000. Oppenheimer & Co. Inc. boosted its stake in 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 in the last quarter. Private Advisor Group LLC acquired a new stake in Deutsche Bank AG during the second quarter valued at approximately $193,000. Finally, Rhumbline Advisers boosted its stake in 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 in the last quarter. 24.68% of the stock is owned by institutional investors.
Deutsche Bank AG Company Profile
Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).
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