Deutsche Bank AG (DB) Receives Consensus Rating of “Hold” from Analysts

Deutsche Bank AG (NYSE:DB) has received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $18.20.

Several analysts recently commented on DB shares. HSBC cut Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a research report on Thursday, December 7th. Finally, Goldman Sachs Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, December 5th.

Deutsche Bank (NYSE:DB) opened at $18.70 on Tuesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $38,010.00, a P/E ratio of -31.17, a PEG ratio of 3.15 and a beta of 1.42. Deutsche Bank has a 52 week low of $15.59 and a 52 week high of $20.94.

Deutsche Bank (NYSE:DB) last announced its earnings results on Thursday, October 26th. The bank reported $0.35 earnings per share for the quarter. Deutsche Bank had a positive return on equity of 3.65% and a negative net margin of 0.42%. research analysts anticipate that Deutsche Bank will post 0.24 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new stake in Deutsche Bank in the 2nd quarter valued at $27,950,000. Sciencast Management LP grew its holdings in Deutsche Bank by 31.2% in the 2nd quarter. Sciencast Management LP now owns 59,596 shares of the bank’s stock valued at $1,060,000 after buying an additional 14,179 shares in the last quarter. LMR Partners LLP grew its holdings in Deutsche Bank by 1,028.6% in the 3rd quarter. LMR Partners LLP now owns 1,071,839 shares of the bank’s stock valued at $18,526,000 after buying an additional 976,869 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Deutsche Bank by 79.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 15,108 shares of the bank’s stock valued at $269,000 after buying an additional 6,699 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new stake in Deutsche Bank in the 3rd quarter valued at $1,538,000. Hedge funds and other institutional investors own 20.91% of the company’s stock.

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