Deutsche Bank Reaches New 52-Week Low at $38.94 (DB)
Deutsche Bank (NYSE:DB) hit a new 52-week low during mid-day trading on Thursday , American Banking News.com reports. The company traded as low as $38.94 and last traded at $39.33, with a volume of 3,352,297 shares. The stock had previously closed at $40.53.
A number of research firms have recently commented on DB. Analysts at Barclays downgraded shares of Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Wednesday. They now have a $30.00 price target on the stock. Separately, analysts at Goldman Sachs upgraded shares of Deutsche Bank from a “sell” rating to a “neutral” rating in a research note on Wednesday. Finally, analysts at Mediobanca SpA upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Deutsche Bank presently has an average rating of “Hold” and an average price target of $36.75.
The stock has a 50-day moving average of $42.54 and a 200-day moving average of $46.00. The company has a market cap of $40.201 billion and a price-to-earnings ratio of 309.39.
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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