Deutsche Bank AG (DB) Shares Down 3.3%
Shares of Deutsche Bank AG (NYSE:DB) dropped 3.3% during trading on Friday . The company traded as low as $13.45 and last traded at $13.51, with a volume of 3,167,955 shares. The stock had previously closed at $13.97.
DB has been the subject of a number of recent research reports. Vetr raised Deutsche Bank AG from a “hold” rating to a “buy” rating and set a $19.33 price objective for the company in a report on Tuesday, April 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Deutsche Bank AG in a report on Monday, April 25th. Barclays PLC lowered Deutsche Bank AG from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $28.00 to $16.50 in a report on Thursday, June 9th. Zacks Investment Research lowered Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, June 28th. Six investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Deutsche Bank AG presently has an average rating of “Hold” and a consensus target price of $21.00.
The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $16.35. The firm’s market cap is $18.52 billion.
A hedge fund recently raised its stake in Deutsche Bank AG stock. BNP Paribas Arbitrage SA boosted its position 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 (SEC). 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 at the end of the most recent quarter.
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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