ValuEngine Downgrades Deutsche Bank (DB) to Hold
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.
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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.
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