Deutsche Bank Sets New 1-Year High at $53.31 (DB)
Deutsche Bank (NYSE:DB) set a new 52-week high during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as high as $53.31 and last traded at $53.09, with a volume of 1,465,929 shares. The stock had previously closed at $51.96.
A number of analysts have recently weighed in on DB shares. Analysts at Societe Generale initiated coverage on shares of Deutsche Bank in a research note to investors on Tuesday, January 7th. They set a “sell” rating on the stock. Separately, analysts at Mediobanca SpA downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, November 11th. Finally, analysts at Equinet Institutional Services downgraded shares of Deutsche Bank from an “accumulate” rating to a “hold” rating in a research note to investors on Tuesday, October 22nd. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $46.00.
Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter.
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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