Shares of Deutsche Bank AG (NYSE:DB) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.43 and last traded at $12.46, with a volume of 7,992,656 shares changing hands. The stock had previously closed at $12.97.

Several equities analysts have weighed in on the company. DZ Bank AG reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Friday. Barclays PLC cut Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $28.00 to $16.50 in a report on Thursday, June 9th. Royal Bank Of Canada cut Deutsche Bank AG from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $19.56 to $17.62 in a report on Thursday, June 2nd. Finally, Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Monday, June 13th. Eight equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have given a buy rating to the company. Deutsche Bank AG has an average rating of “Hold” and a consensus target price of $19.88.

The stock has a 50-day moving average price of $14.01 and a 200 day moving average price of $15.90. The stock’s market capitalization is $16.98 billion.

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A number of institutional investors have recently made changes to their positions in the stock. World Asset Management Inc raised its position in Deutsche Bank AG by 8.3% in the second quarter. World Asset Management Inc now owns 85,368 shares of the company’s stock worth $1,172,000 after buying an additional 6,551 shares during the last quarter. Orbitronix LP bought a new position in Deutsche Bank AG during the first quarter worth approximately $508,000. Geode Capital Management LLC bought a new position in Deutsche Bank AG during the first quarter worth approximately $258,000. Deltec Asset Management LLC bought a new position in Deutsche Bank AG during the second quarter worth approximately $2,650,000. Finally, Aviva PLC raised its position in Deutsche Bank AG by 8.0% in the second quarter. Aviva PLC now owns 1,971,925 shares of the company’s stock worth $26,927,000 after buying an additional 146,708 shares during the last quarter. 24.68% of the stock is owned by institutional investors and hedge funds.

About Deutsche Bank AG

Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).

5 Day Chart for NYSE:DB

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