Deutsche Bank Stock Rating Lowered by Canaccord Genuity (DB)
Deutsche Bank (NYSE:DB) was downgraded by research analysts at Canaccord Genuity from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports.
Shares of Deutsche Bank (NYSE:DB) opened at 46.20 on Monday. Deutsche Bank has a 52 week low of $38.18 and a 52 week high of $53.12. The stock’s 50-day moving average is $45.84 and its 200-day moving average is $44.68. The company has a market cap of $47.082 billion and a P/E ratio of 194.92.
Deutsche Bank (NYSE:DB) last released its earnings data on Tuesday, July 30th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.82 by $0.50. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.39 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Deutsche Bank will post $5.25 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG upgraded shares of Deutsche Bank from a “neutral” rating to a “buy” rating in a research note to investors on Monday, September 16th. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Deutsche Bank from a “neutral” rating to an “overweight” rating in a research note to investors on Friday, August 30th. Finally, analysts at Zacks upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 28th. They now have a $44.30 price target on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $41.65.
Deutsche Bank AG is a global investment bank. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients worldwide.
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