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.
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.
Featured Article: Buyback For Investors Defined
Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.