Deutsche Bank (DB) PT Set at $7.00 by Bank of America

Deutsche Bank (NYSE:DB) has been assigned a $7.00 target price by analysts at Bank of America in a research report issued on Thursday, TipRanks reports. The firm presently has a “sell” rating on the bank’s stock. Bank of America‘s target price would suggest a potential downside of 18.70% from the company’s current price.

Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Credit Suisse Group restated a “hold” rating on shares of Deutsche Bank in a research report on Friday, January 18th. Warburg Research restated a “hold” rating on shares of Deutsche Bank in a research report on Friday, January 25th. DZ Bank restated a “hold” rating on shares of Deutsche Bank in a research report on Friday, February 1st. Finally, UBS Group restated a “hold” rating on shares of Deutsche Bank in a research report on Saturday, February 2nd. Nine equities research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The stock has an average rating of “Hold” and a consensus price target of $10.00.

NYSE DB traded up $0.22 during trading hours on Thursday, hitting $8.61. 5,602,280 shares of the company’s stock traded hands, compared to its average volume of 6,225,416. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $17.34 billion, a price-to-earnings ratio of -14.35 and a beta of 1.35. Deutsche Bank has a 52 week low of $7.62 and a 52 week high of $14.92.

A number of large investors have recently modified their holdings of DB. Wells Fargo & Company MN lifted its holdings in Deutsche Bank by 104.0% during the third quarter. Wells Fargo & Company MN now owns 237,473 shares of the bank’s stock valued at $2,698,000 after purchasing an additional 121,069 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Deutsche Bank by 41.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 61,920 shares of the bank’s stock worth $703,000 after buying an additional 18,183 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Deutsche Bank in the third quarter worth $123,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Deutsche Bank by 45,366.8% in the third quarter. The Manufacturers Life Insurance Company now owns 979,355 shares of the bank’s stock worth $11,126,000 after buying an additional 977,201 shares in the last quarter. Finally, HPM Partners LLC purchased a new position in shares of Deutsche Bank in the third quarter worth $115,000. 22.98% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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