Deutsche Bank (DB) Receives Neutral Rating from Goldman Sachs Group
A number of other equities research analysts also recently commented on DB. Zacks Investment Research downgraded Deutsche Bank from a buy rating to a hold rating in a research report on Wednesday, August 9th. ValuEngine upgraded Deutsche Bank from a hold rating to a buy rating in a research report on Monday. Macquarie downgraded Deutsche Bank from a neutral rating to an underperform rating in a research report on Tuesday, August 15th. BidaskClub downgraded Deutsche Bank from a sell rating to a strong sell rating in a research report on Friday, August 11th. Finally, downgraded Deutsche Bank from a hold rating to a reduce rating in a research report on Friday, August 11th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $19.26.
Deutsche Bank (DB) traded down $0.36 during trading hours on Tuesday, hitting $18.76. The company had a trading volume of 3,220,400 shares, compared to its average volume of 5,241,116. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $39,516.70, a P/E ratio of 12.83 and a beta of 1.43. Deutsche Bank has a 12 month low of $15.59 and a 12 month high of $20.94.
Hedge funds have recently modified their holdings of the business. AXA raised its holdings in shares of Deutsche Bank by 4.4% in the third quarter. AXA now owns 576,380 shares of the bank’s stock worth $9,960,000 after buying an additional 24,508 shares during the period. Cubist Systematic Strategies LLC raised its holdings in shares of Deutsche Bank by 185.5% in the third quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock worth $963,000 after buying an additional 36,224 shares during the period. First Republic Investment Management Inc. purchased a new stake in shares of Deutsche Bank in the third quarter worth approximately $180,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in shares of Deutsche Bank in the third quarter worth approximately $1,538,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Deutsche Bank in the third quarter worth approximately $5,262,000. Institutional investors and hedge funds own 20.92% of the company’s stock.
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