ValuEngine cut shares of Deutsche Bank (NYSE:DB) from a buy rating to a hold rating in a research note issued to investors on Wednesday.

Other analysts also recently issued research reports about the company. DZ Bank reaffirmed a buy rating on shares of Deutsche Bank in a research report on Monday, February 5th. Goldman Sachs Group reiterated a neutral rating on shares of Deutsche Bank in a report on Tuesday, December 5th. UBS Group reiterated a neutral rating on shares of Deutsche Bank in a report on Monday, December 11th. Citigroup reiterated a sell rating on shares of Deutsche Bank in a report on Tuesday, December 19th. Finally, HSBC cut Deutsche Bank from a buy rating to a hold rating in a report on Monday, January 8th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $18.08.

Shares of Deutsche Bank (NYSE DB) opened at $15.58 on Wednesday. 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 $32,014.31, a PE ratio of -25.13, a P/E/G ratio of 2.82 and a beta of 1.23. Deutsche Bank has a 12-month low of $15.06 and a 12-month high of $20.71.

A number of institutional investors have recently bought and sold shares of the stock. LMR Partners LLP boosted its holdings in shares of Deutsche Bank by 247.3% during the fourth quarter. LMR Partners LLP now owns 3,722,717 shares of the bank’s stock worth $70,947,000 after acquiring an additional 2,650,878 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Deutsche Bank by 133.1% during the fourth quarter. Schroder Investment Management Group now owns 4,359,697 shares of the bank’s stock worth $69,211,000 after acquiring an additional 2,489,535 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Deutsche Bank by 227.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after acquiring an additional 1,634,532 shares during the period. The Manufacturers Life Insurance Company bought a new stake in shares of Deutsche Bank during the second quarter worth approximately $27,950,000. Finally, Bank of Montreal Can boosted its holdings in shares of Deutsche Bank by 318.5% during the fourth quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock worth $38,727,000 after acquiring an additional 1,548,873 shares during the period. Institutional investors and hedge funds 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Deutsche Bank (NYSE:DB)

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