Deutsche Bank (DB) Earns Buy Rating from DZ Bank

Deutsche Bank (NYSE:DB)‘s stock had its “buy” rating reaffirmed by investment analysts at DZ Bank in a research note issued to investors on Thursday, December 7th.

DB has been the topic of a number of other research reports. ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. HSBC upgraded Deutsche Bank from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Goldman Sachs Group reiterated a “neutral” rating on shares of Deutsche Bank in a report on Tuesday, December 5th. BidaskClub lowered Deutsche Bank from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, Credit Suisse Group upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 5th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $18.08.

Shares of Deutsche Bank (DB) traded down $0.07 during midday trading on Thursday, hitting $19.03. 1,548,660 shares of the stock were exchanged, compared to its average volume of 2,980,788. Deutsche Bank has a twelve month low of $15.59 and a twelve month high of $20.94. The firm has a market cap of $39,475.36, a PE ratio of -30.69 and a beta of 1.43. 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 hedge funds have recently bought and sold shares of DB. US Bancorp DE lifted its stake in Deutsche Bank by 13.9% during the second quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock worth $252,000 after purchasing an additional 1,726 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Deutsche Bank in the second quarter valued at approximately $206,000. Sei Investments Co. lifted its stake in Deutsche Bank by 49.9% in the second quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock valued at $147,000 after buying an additional 2,757 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Deutsche Bank by 20.0% in the second quarter. Canada Pension Plan Investment Board now owns 1,103,444 shares of the bank’s stock valued at $19,539,000 after buying an additional 183,668 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Deutsche Bank by 33.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock valued at $491,602,000 after buying an additional 6,923,038 shares during the last quarter. Hedge funds and other institutional investors own 20.91% of the company’s stock.

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