DZ Bank Reaffirms “Neutral” Rating for Deutsche Bank (NYSE:DB)

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DZ Bank reiterated their neutral rating on shares of Deutsche Bank (NYSE:DB) in a report issued on Tuesday morning, Borsen Zeitung reports.

Several other analysts also recently commented on the stock. UBS Group upgraded shares of to a neutral rating and increased their target price for the company from GBX 945 ($12.35) to GBX 2,060 ($26.92) in a report on Thursday, June 20th. Barclays restated a sell rating on shares of Deutsche Bank in a report on Monday, March 25th. Bank of America restated a sell rating on shares of Deutsche Bank in a report on Monday. Goldman Sachs Group restated a hold rating and set a $8.40 price objective on shares of Deutsche Bank in a report on Monday. Finally, HSBC restated a hold rating on shares of Societe Generale in a report on Thursday, April 4th. Eight equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $7.60.

DB opened at $7.55 on Tuesday. Deutsche Bank has a twelve month low of $6.61 and a twelve month high of $13.17. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.80 and a current ratio of 0.80. The business’s fifty day moving average price is $7.18. The firm has a market capitalization of $15.29 billion, a PE ratio of -755.00 and a beta of 1.51.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings data on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company had revenue of $7.21 billion during the quarter. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. On average, equities research analysts anticipate that Deutsche Bank will post 0.48 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in DB. Cambridge Investment Research Advisors Inc. bought a new stake in Deutsche Bank during the fourth quarter valued at approximately $198,000. Private Advisor Group LLC lifted its holdings in shares of Deutsche Bank by 73.5% in the 4th quarter. Private Advisor Group LLC now owns 29,124 shares of the bank’s stock worth $237,000 after acquiring an additional 12,339 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Deutsche Bank by 19.2% in the 4th quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after acquiring an additional 2,294 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Deutsche Bank in the 4th quarter worth approximately $2,133,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Deutsche Bank by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,979,508 shares of the bank’s stock worth $48,733,000 after acquiring an additional 326,350 shares during the last quarter. Institutional investors and hedge funds own 19.34% of the company’s stock.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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