Deutsche Bank AG (NYSE:DB) was downgraded by analysts at Macquarie from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, MarketBeat Ratings reports.

Several other equities analysts have also commented on the company. DZ Bank AG reaffirmed a “buy” rating on shares of Deutsche Bank AG in a report on Friday, May 19th. Barclays PLC reaffirmed an “equal weight” rating on shares of Deutsche Bank AG in a report on Sunday, April 23rd. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. ValuEngine raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub raised Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Deutsche Bank AG presently has a consensus rating of “Hold” and a consensus target price of $18.21.

Deutsche Bank AG (DB) traded down 0.69% during mid-day trading on Tuesday, reaching $17.17. The company’s stock had a trading volume of 2,420,672 shares. Deutsche Bank AG has a 52 week low of $11.19 and a 52 week high of $20.94. The firm has a 50-day moving average of $18.24 and a 200-day moving average of $18.27. The stock’s market capitalization is $35.46 billion.

COPYRIGHT VIOLATION NOTICE: “Macquarie Downgrades Deutsche Bank AG (DB) to Underperform” was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/08/15/macquarie-downgrades-deutsche-bank-ag-db-to-underperform.html.

Institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC raised its position in shares of Deutsche Bank AG by 19.0% in the first quarter. Parametric Portfolio Associates LLC now owns 859,096 shares of the bank’s stock worth $14,742,000 after buying an additional 137,237 shares during the period. Exane Asset Management acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $1,553,000. American Financial Group Inc. raised its position in shares of Deutsche Bank AG by 50.0% in the first quarter. American Financial Group Inc. now owns 239,999 shares of the bank’s stock worth $4,118,000 after buying an additional 79,999 shares during the period. First Dallas Securities Inc. acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $306,000. Finally, Karp Capital Management Corp acquired a new position in shares of Deutsche Bank AG during the first quarter worth about $8,213,000. 16.44% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

Receive News & Ratings for Deutsche Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG and related companies with MarketBeat.com's FREE daily email newsletter.