Deutsche Bank AG (DB) Shares Gap Up to $14.00
Shares of Deutsche Bank AG (NYSE:DB) gapped up prior to trading on Wednesday . The stock had previously closed at $13.82, but opened at $14.00. Deutsche Bank AG shares last traded at $14.28, with a volume of 1,743,968 shares changing hands.
Several analysts recently issued reports on the company. Vetr downgraded Deutsche Bank AG from a “strong-buy” rating to a “buy” rating and set a $16.96 price target for the company. in a research note on Monday, June 20th. Keefe, Bruyette & Woods cut Deutsche Bank AG from a “market perform” rating to an “underperform” rating in a report on Friday, April 29th. DZ Bank AG reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, April 28th. Zacks Investment Research cut Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Monday, June 13th. Six equities research 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. Deutsche Bank AG has a consensus rating of “Hold” and an average 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 $16.30. The stock’s market capitalization is $19.40 billion.
A hedge fund recently raised its stake in Deutsche Bank AG stock. BNP Paribas Arbitrage SA raised its stake in shares of Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent 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 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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