Deutsche Bank AG (DB) Stock Price Down 3.3%
Deutsche Bank AG (NYSE:DB) shares dropped 3.3% during mid-day trading on Friday . The stock traded as low as $13.45 and last traded at $13.51, with a volume of 3,167,955 shares traded. The stock had previously closed at $13.97.
DB has been the subject of several analyst reports. Equinet Institutional Services restated a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 21st. Zacks Investment Research upgraded shares of Deutsche Bank AG from a “strong sell” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Friday, April 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Deutsche Bank AG in a research note on Monday, April 25th. Vetr upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $19.33 price objective for the company in a research note on Tuesday, April 26th. Finally, DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a research note on Thursday, April 28th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $21.00.
The firm has a 50-day moving average price of $13.74 and a 200 day moving average price of $16.38. The company’s market cap is $18.52 billion.
A hedge fund recently raised its stake in Deutsche Bank AG stock. BNP Paribas Arbitrage SA raised its position in shares of 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 fund 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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