Deutsche Bank AG (DB) Given Sell Rating at Societe Generale
Deutsche Bank AG (NYSE:DB)‘s stock had its “sell” rating reiterated by research analysts at Societe Generale in a research note issued on Monday.
DB has been the topic of several other reports. Vetr lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating and set a $20.15 price objective on the stock. in a report on Friday, April 29th. Keefe, Bruyette & Woods restated a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, June 28th. DZ Bank AG restated a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 28th. Zacks Investment Research lowered shares of Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, equinet AG restated a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 21st. Seven equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $21.00.
Deutsche Bank AG (NYSE:DB) traded up 3.18% during mid-day trading on Monday, hitting $15.26. 9,886,235 shares of the company’s stock traded hands. Deutsche Bank AG has a one year low of $12.48 and a one year high of $30.82. The stock’s market cap is $20.86 billion. The firm’s 50-day moving average price is $13.97 and its 200-day moving average price is $16.12.
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A number of institutional investors have recently made changes to their positions in DB. Creative Planning increased its position in shares of Deutsche Bank AG by 29.9% in the second quarter. Creative Planning now owns 7,392 shares of the company’s stock worth $101,000 after buying an additional 1,700 shares during the period. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Deutsche Bank AG by 31.1% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 10,701 shares of the company’s stock worth $182,000 after buying an additional 2,541 shares during the period. Geode Capital Management LLC acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $258,000. Pacad Investment Ltd. acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $484,000. Finally, Orbitronix LP acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $508,000. 24.73% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank AG Company Profile
Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).
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