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Deutsche Bank (NYSE:DB) was downgraded by investment analysts at Bank of America from a “neutral” rating to an “underperform” rating in a note issued to investors on Monday.

The analysts wrote, “With near term capital pressures building and in our view the threat of franchise damage high, DB has chosen to raise. The cost is at least a 25% reduction in EPS power, more if we include the cost of AT1. With DB offering no obvious offsets it has positioned the bank as a geared play on FICC recovery.” While Deutsche Bank may be on the right track for long-term development, the analyst commented that the company “risks being structurally valued at a discount to book.”

Shares of Deutsche Bank (NYSE:DB) traded down 1.52% during mid-day trading on Monday, hitting $41.53. 3,168,783 shares of the company’s stock traded hands. Deutsche Bank has a 52 week low of $39.89 and a 52 week high of $54.49. The stock has a 50-day moving average of $43. and a 200-day moving average of $46.54. The company has a market cap of $42.331 billion and a P/E ratio of 319.47.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Analysts expect that Deutsche Bank will post $3.24 EPS for the current fiscal year.

A number of other firms have also recently commented on DB. Analysts at Macquarie upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Wednesday, April 30th. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Deutsche Bank from an “overweight” rating to a “neutral” rating in a research note on Thursday, April 3rd. Finally, analysts at Zacks downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 1st. They now have a $41.00 price target on the stock. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Deutsche Bank presently has a consensus rating of “Hold” and an average target price of $41.00.

Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.

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