A number of other research analysts also recently issued reports on DB. Zacks Investment Research raised shares of Deutsche Bank from a strong sell rating to a buy rating and set a $16.00 price objective on the stock in a research report on Wednesday, April 18th. ValuEngine downgraded shares of Deutsche Bank from a hold rating to a sell rating in a research report on Friday, May 4th. Finally, Royal Bank of Canada downgraded shares of Deutsche Bank from a sector perform rating to an underperform rating in a research report on Friday, June 1st. Six analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. Deutsche Bank currently has a consensus rating of Hold and an average target price of $13.00.
Deutsche Bank opened at $11.82 on Wednesday, Marketbeat.com reports. Deutsche Bank has a 12 month low of $10.36 and a 12 month high of $20.23. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.38.
A number of hedge funds have recently added to or reduced their stakes in DB. Diligent Investors LLC acquired a new stake in Deutsche Bank in the 2nd quarter worth approximately $112,000. Janney Montgomery Scott LLC acquired a new stake in Deutsche Bank during the 2nd quarter valued at approximately $125,000. Wedbush Securities Inc. acquired a new stake in Deutsche Bank during the 2nd quarter valued at approximately $133,000. Elkfork Partners LLC purchased a new position in shares of Deutsche Bank during the 4th quarter valued at approximately $141,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Deutsche Bank during the 2nd quarter valued at approximately $141,000. Institutional investors own 20.29% of the company’s stock.
About Deutsche Bank
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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