Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Average Rating of “Hold” by Brokerages

Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Rating) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $13.00.

Several analysts have recently commented on the stock. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Thursday, May 4th. StockNews.com started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday. They issued a “buy” rating for the company. Finally, Bank of America downgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to an “underperform” rating in a research report on Friday, February 10th.

Deutsche Bank Aktiengesellschaft Trading Up 0.2 %

DB opened at $10.60 on Friday. The stock has a market capitalization of $21.91 billion, a price-to-earnings ratio of 4.22, a P/E/G ratio of 0.69 and a beta of 1.33. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.82. Deutsche Bank Aktiengesellschaft has a twelve month low of $7.24 and a twelve month high of $13.57. The company has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $11.21.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors have recently added to or reduced their stakes in DB. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $514,620,000. Acadian Asset Management LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $100,628,000. Amundi raised its position in Deutsche Bank Aktiengesellschaft by 10.2% during the 4th quarter. Amundi now owns 74,312,828 shares of the bank’s stock valued at $941,544,000 after purchasing an additional 6,899,029 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Deutsche Bank Aktiengesellschaft by 36.3% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 17,079,045 shares of the bank’s stock valued at $193,860,000 after purchasing an additional 4,548,705 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Deutsche Bank Aktiengesellschaft by 51.9% during the 4th quarter. Marshall Wace LLP now owns 9,569,090 shares of the bank’s stock valued at $108,137,000 after purchasing an additional 3,269,792 shares in the last quarter. Hedge funds and other institutional investors own 24.67% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division.