Deutsche Bank Given Average Rating of “Hold” by Analysts (NYSE:DB)
Shares of Deutsche Bank (NYSE:DB) have received an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, American Banking & Market News reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.00.
DB has been the subject of a number of recent research reports. Analysts at Berenberg Bank upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, July 30th. Separately, analysts at S&P Equity Research upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, July 29th. Finally, analysts at JPMorgan Chase & Co. upgraded shares of Deutsche Bank from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 9th.
Shares of Deutsche Bank (NYSE:DB) opened at 32.74 on Monday. Deutsche Bank has a 52-week low of $32.53 and a 52-week high of $51.9943. The stock’s 50-day moving average is $35.31 and its 200-day moving average is $40.78. The company’s market cap is $45.148 billion.
Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.50 by $0.18. On average, analysts predict that Deutsche Bank will post $2.28 earnings per share for the current fiscal year.
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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