Shares of Deutsche Bank AG (NYSE:DB) gapped up before the market opened on Thursday . The stock had previously closed at $17.76, but opened at $18.13. Deutsche Bank shares last traded at $18.50, with a volume of 4390200 shares traded.

A number of research firms have recently weighed in on DB. ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. DZ Bank reissued a “buy” rating on shares of Deutsche Bank in a research report on Thursday, October 26th. HSBC raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Goldman Sachs Group reissued a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, December 5th. Finally, Zacks Investment Research raised shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.08.

The firm has a market cap of $38,180.00, a P/E ratio of -31.69, a PEG ratio of 3.13 and a beta of 1.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Capital World Investors lifted its stake in Deutsche Bank by 82.3% during the second quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock worth $423,513,000 after purchasing an additional 10,784,260 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Deutsche Bank by 227.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after purchasing an additional 1,634,532 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in Deutsche Bank during the second quarter worth $27,950,000. Capital Research Global Investors bought a new position in Deutsche Bank during the second quarter worth $22,342,000. Finally, Alliancebernstein L.P. lifted its stake in Deutsche Bank by 35.3% during the second quarter. Alliancebernstein L.P. now owns 1,114,059 shares of the bank’s stock worth $19,819,000 after purchasing an additional 290,561 shares during the last quarter. Hedge funds and other institutional investors own 20.91% of the company’s stock.

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Deutsche Bank Company Profile

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