Deutsche Bank AG (DB) Trading Up 3.3%
Deutsche Bank AG (NYSE:DB) shares were up 3.3% during trading on Wednesday . The company traded as high as $14.31 and last traded at $14.18, with a volume of 4,567,371 shares changing hands. The stock had previously closed at $13.73.
A number of research analysts have recently commented on DB shares. DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, June 27th. Vetr upgraded Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $18.42 target price for the company in a research report on Thursday, April 14th. Equinet Institutional Services reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Thursday, April 21st. Zacks Investment Research downgraded Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. Finally, Royal Bank Of Canada downgraded Deutsche Bank AG from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $19.56 to $17.62 in a research report on Thursday, June 2nd. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.00.
The stock’s market cap is $19.45 billion. The company’s 50-day moving average is $13.86 and its 200 day moving average is $16.53.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA boosted its stake in Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm 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).
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