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.
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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