Published On: Mon, Sep 12th, 2016

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/11/deutsche-bank-ag-db-given-sell-rating-at-societe-generale.html

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).

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

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Free Email Newsletter


Enter your email address below to get the latest news and analysts' ratings for your stocks with MarketBeat's FREE daily email newsletter: