Deutsche Bank AG (DB) Shares Up 3.7%
Deutsche Bank AG (NYSE:DB) shares shot up 3.7% during trading on Tuesday . The stock traded as high as $14.06 and last traded at $14.01, with a volume of 2,098,316 shares traded. The stock had previously closed at $13.51.
Several brokerages have commented on DB. Barclays PLC reiterated a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, August 1st. Societe Generale reissued a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Bank of America Corp. lowered shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. DZ Bank AG reissued a “neutral” rating on shares of Deutsche Bank AG in a research report on Wednesday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Deutsche Bank AG in a research report on Tuesday, June 28th. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $21.00.
The company’s 50-day moving average price is $13.73 and its 200-day moving average price is $16.32. The stock’s market cap is $19.14 billion.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA increased 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 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 as of its most recent filing with the SEC.
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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