Deutsche Bank’s (NYSE:DB) “Sell” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada reiterated their sell rating on shares of Deutsche Bank (NYSE:DB) in a report issued on Friday, March 22nd, TipRanks reports.

Several other research analysts have also issued reports on DB. ValuEngine raised shares of Deutsche Bank from a strong sell rating to a sell rating in a research note on Wednesday, January 2nd. Credit Suisse Group reaffirmed a hold rating on shares of Deutsche Bank in a research note on Friday, January 18th. DZ Bank reaffirmed a neutral rating on shares of Deutsche Bank in a research note on Thursday, January 3rd. Norddeutsche Landesbank reaffirmed a hold rating on shares of Deutsche Bank in a research note on Saturday, February 2nd. Finally, Morgan Stanley reiterated a sell rating on shares of Deutsche Bank in a report on Tuesday, November 27th. Nine research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has a consensus rating of Hold and a consensus target price of $10.00.

NYSE DB traded up $0.03 on Friday, hitting $8.64. The company’s stock had a trading volume of 4,914,130 shares, compared to its average volume of 5,295,070. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.76 and a current ratio of 0.76. Deutsche Bank has a 1-year low of $7.62 and a 1-year high of $14.92. The stock has a market cap of $17.34 billion, a P/E ratio of -14.40 and a beta of 1.35.

Several hedge funds have recently added to or reduced their stakes in DB. Quadrant Capital Group LLC lifted its position in Deutsche Bank by 478.7% during the fourth quarter. Quadrant Capital Group LLC now owns 18,658 shares of the bank’s stock valued at $145,000 after purchasing an additional 15,434 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. Shah Capital Management bought a new stake in shares of Deutsche Bank in the 4th quarter worth approximately $10,610,000. Capital International Sarl lifted its holdings in shares of Deutsche Bank by 22.3% in the 3rd quarter. Capital International Sarl now owns 406,829 shares of the bank’s stock worth $4,643,000 after acquiring an additional 74,151 shares during the last quarter. Finally, Private Advisor Group LLC bought a new stake in shares of Deutsche Bank in the 3rd quarter worth approximately $191,000. Institutional investors own 22.98% 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.

Featured Story: How accurate is the Rule of 72?

Analyst Recommendations for Deutsche Bank (NYSE:DB)

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.