Deutsche Bank (DB) Cut to Hold at HSBC

HSBC lowered shares of Deutsche Bank (NYSE:DB) from a buy rating to a hold rating in a research report released on Monday morning, Marketbeat.com reports.

Other equities analysts have also issued research reports about the stock. upgraded shares of Deutsche Bank from a hold rating to a buy rating and upped their target price for the stock from $17.93 to $18.20 in a research report on Tuesday, November 14th. Citigroup restated a sell rating on shares of Deutsche Bank in a research report on Tuesday, November 21st. Zacks Investment Research upgraded shares of Deutsche Bank from a strong sell rating to a hold rating in a research report on Monday, November 6th. Keefe, Bruyette & Woods lowered shares of Deutsche Bank from a market perform rating to an underperform rating in a research report on Monday, November 20th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Deutsche Bank in a research report on Monday, November 20th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Deutsche Bank has an average rating of Hold and an average price target of $18.08.

Shares of Deutsche Bank (NYSE DB) traded up $0.37 during midday trading on Monday, hitting $18.50. 4,390,200 shares of the stock were exchanged, compared to its average volume of 5,940,214. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $38,390.00, a PE ratio of -31.36 and a beta of 1.42. Deutsche Bank has a 1 year low of $15.59 and a 1 year high of $20.94.

Several institutional investors and hedge funds have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA purchased a new position in Deutsche Bank in the 2nd quarter worth about $130,000. Sei Investments Co. increased its position in Deutsche Bank by 49.9% during the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock valued at $147,000 after purchasing an additional 2,757 shares during the period. First Republic Investment Management Inc. purchased a new position in Deutsche Bank during the 3rd quarter valued at about $180,000. Cambridge Investment Research Advisors Inc. increased its position in Deutsche Bank by 1.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock valued at $197,000 after purchasing an additional 202 shares during the period. Finally, Private Advisor Group LLC purchased a new position in Deutsche Bank during the 3rd quarter valued at about $195,000. 20.91% of the stock is currently owned by institutional investors and hedge funds.

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