Shares of Deutsche Bank AG (NYSE:DB) have received an average recommendation of “Hold” from the fourteen brokerages that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $18.40.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research cut Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. ValuEngine raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, October 26th. Macquarie cut Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 15th. Finally, BidaskClub cut Deutsche Bank AG from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th.

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Hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. increased its holdings in Deutsche Bank AG by 83.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 6,132 shares of the bank’s stock valued at $109,000 after purchasing an additional 2,793 shares in the last quarter. Lipe & Dalton acquired a new stake in Deutsche Bank AG during the 2nd quarter valued at $2,372,000. Capstone Asset Management Co. increased its holdings in Deutsche Bank AG by 37.4% during the 2nd quarter. Capstone Asset Management Co. now owns 175,955 shares of the bank’s stock valued at $3,130,000 after purchasing an additional 47,870 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Deutsche Bank AG during the 2nd quarter valued at $27,950,000. Finally, Sciencast Management LP increased its holdings in Deutsche Bank AG by 31.2% during the 2nd quarter. Sciencast Management LP now owns 59,596 shares of the bank’s stock valued at $1,060,000 after purchasing an additional 14,179 shares in the last quarter. 22.48% of the stock is owned by hedge funds and other institutional investors.

About Deutsche Bank AG

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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