Deutsche Bank AG (DB) Shares Gap Up to $13.15
Deutsche Bank AG (NYSE:DB)’s share price gapped up before the market opened on Monday . The stock had previously closed at $12.95, but opened at $13.15. Deutsche Bank AG shares last traded at $13.49, with a volume of 2,330,016 shares.
A number of equities analysts recently weighed in on DB shares. Barclays PLC reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. JPMorgan Chase & Co. reissued a “buy” rating on shares of Deutsche Bank AG in a research report on Monday, April 11th. Zacks Investment Research cut shares of Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a research report on Monday, May 9th. Vetr cut shares of Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 price target for the company. in a research report on Monday, June 27th. Finally, Bank of America Corp. cut shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.00.
The firm’s market cap is $18.41 billion. The company’s 50-day moving average price is $14.08 and its 200-day moving average price is $16.60.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA raised its stake in Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 294,282 shares of the company’s stock after buying an additional 51,770 shares during the period. BNP Paribas Arbitrage SA’s holdings in Deutsche Bank AG were worth $7,107,000 as of its most recent SEC filing.
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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.