Deutsche Bank Hits New 52-Week Low at $32.52 (DB)
Deutsche Bank (NYSE:DB) reached a new 52-week low during trading on Friday , American Banking News reports. The company traded as low as $32.52 and last traded at $32.69, with a volume of 2,838,930 shares. The stock had previously closed at $33.15.
A number of analysts have recently weighed in on DB shares. 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.00.
The stock has a 50-day moving average of $34.82 and a 200-day moving average of $40.34. The company’s market cap is $45.410 billion.
Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.50 by $0.18. Analysts expect that Deutsche Bank will post $2.24 EPS 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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