Deutsche Bank AG (NYSE:DB) reached a new 52-week low during trading on Wednesday . The stock traded as low as $12.48 and last traded at $12.69, with a volume of 4,859,834 shares. The stock had previously closed at $12.58.

DB has been the topic of several analyst reports. Barclays PLC reissued a “neutral” rating on shares of Deutsche Bank AG in a report on Monday. JPMorgan Chase & Co. reissued a “buy” rating on shares of Deutsche Bank AG in a report on Monday, April 11th. Zacks Investment Research downgraded Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th. Vetr downgraded Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 target price on the stock. in a report on Monday, June 27th. Finally, Bank of America Corp. downgraded Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a report on Friday, July 29th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.00.

The company’s 50 day moving average price is $14.19 and its 200-day moving average price is $16.71. The stock’s market capitalization is $17.36 billion.

A number of hedge funds recently made changes to their positions in DB. BNP Paribas Arbitrage SA boosted its stake in shares of Deutsche Bank AG by 21.3% in the fourth quarter. BNP Paribas Arbitrage SA now owns 294,282 shares of the company’s stock valued at $7,107,000 after buying an additional 51,770 shares during the period. Bank of Montreal Can boosted its stake in shares of Deutsche Bank AG by 304.2% in the fourth quarter. Bank of Montreal Can now owns 967,919 shares of the company’s stock valued at $23,375,000 after buying an additional 728,448 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Deutsche Bank AG by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 29,308,802 shares of the company’s stock valued at $707,807,000 after buying an additional 811,605 shares during the period.

Deutsche Bank AG is a global investment bank. The Bank is a financial services provider to Indian corporate, institutional and individual clients. It operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU).

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