Shares of Deutsche Bank AG (NYSE:DB) gapped down before the market opened on Monday . The stock had previously closed at $16.49, but opened at $17.09. Deutsche Bank shares last traded at $16.80, with a volume of 5559609 shares traded.

Several analysts recently commented on DB shares. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a report on Monday, December 4th. DZ Bank restated a “buy” rating on shares of Deutsche Bank in a report on Thursday, December 7th. HSBC upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating and raised their price target for the stock from $17.93 to $18.20 in a report on Tuesday, November 14th. Finally, Zacks Investment Research upgraded shares of Deutsche Bank from a “strong sell” rating to a “hold” rating in a report on Monday, November 6th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $18.08.

The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $34,600.00, a P/E ratio of -39.98, a PEG ratio of 2.88 and a beta of 1.23.

Hedge funds and other institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company acquired a new stake in Deutsche Bank in the second quarter valued at approximately $27,950,000. LMR Partners LLP lifted its stake in Deutsche Bank by 1,028.6% in the third quarter. LMR Partners LLP now owns 1,071,839 shares of the bank’s stock valued at $18,526,000 after acquiring an additional 976,869 shares during the last quarter. Bank of Montreal Can lifted its stake in Deutsche Bank by 318.5% in the fourth quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock valued at $38,727,000 after acquiring an additional 1,548,873 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Deutsche Bank in the third quarter valued at approximately $1,538,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in Deutsche Bank in the third quarter valued at approximately $319,000. Hedge funds and other institutional investors own 21.00% of the company’s stock.

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About Deutsche Bank

Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.

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