Deutsche Bank Given Average Recommendation of “Hold” by Analysts (NYSE:DB)
Deutsche Bank (NYSE:DB) has been given a consensus recommendation of “Hold” by the fourteen ratings firms that are currently covering the company, Stock Ratings Network reports. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $36.75.
A number of analysts have recently weighed in on DB shares. Analysts at Barclays downgraded shares of Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, June 4th. 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, June 4th. 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.
Shares of Deutsche Bank (NYSE:DB) opened at 35.5138 on Friday. Deutsche Bank has a 52-week low of $34.82 and a 52-week high of $51.9943. The stock’s 50-day moving average is $38.62 and its 200-day moving average is $43.0. The company has a market cap of $36.199 billion and a price-to-earnings ratio of 271.07. Deutsche Bank also saw a large drop in short interest during the month of May. As of May 30th, there was short interest totalling 10,993,031 shares, a drop of 19.2% from the May 15th total of 13,598,967 shares. Based on an average daily volume of 1,669,702 shares, the days-to-cover ratio is currently 6.6 days. Currently, 1.0% of the company’s shares are sold short.
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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