Vetr Inc. Upgrades Deutsche Bank AG (DB) to “Sell”
Deutsche Bank AG (NYSE:DB) was upgraded by equities researchers at Vetr from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday. The brokerage currently has a $14.38 target price on the stock. Vetr‘s target price indicates a potential downside of 9.62% from the company’s current price.
Other equities analysts have also issued reports about the company. Credit Suisse Group AG restated a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, October 31st. Zacks Investment Research lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. DZ Bank AG restated a “neutral” rating on shares of Deutsche Bank AG in a research report on Thursday, October 27th. Citigroup Inc. restated a “hold” rating on shares of Deutsche Bank AG in a research report on Tuesday, October 25th. Finally, Bank of America Corp. restated an “underperform” rating and set a $10.00 price target on shares of Deutsche Bank AG in a research report on Wednesday, October 5th. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.98.
Deutsche Bank AG (NYSE:DB) opened at 15.91 on Monday. The firm’s market capitalization is $21.94 billion. The stock’s 50 day moving average price is $13.74 and its 200-day moving average price is $14.79. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $26.61.
A number of hedge funds and other institutional investors have recently made changes to their positions in DB. Creative Planning boosted 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 worth $101,000 after buying an additional 1,700 shares during the last quarter. National Asset Management Inc. bought a new position in shares of Deutsche Bank AG during the third quarter worth about $134,000. Burney Co. bought a new position in shares of Deutsche Bank AG during the second quarter worth about $138,000. IPG Investment Advisors LLC bought a new position in shares of Deutsche Bank AG during the third quarter worth about $141,000. Finally, US Bancorp DE boosted its position in shares of Deutsche Bank AG by 45.7% in the third quarter. US Bancorp DE now owns 11,770 shares of the company’s stock worth $154,000 after buying an additional 3,690 shares during the last quarter. Institutional investors and hedge funds own 24.77% of the company’s stock.
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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