Deutsche Bank AG (DB) Shares Gap Up to $14.00
Deutsche Bank AG (NYSE:DB) shares 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 traded.
DB has been the topic of a number of recent analyst reports. Barclays PLC restated a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a research report on Monday, May 9th. Vetr downgraded shares of Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 target price on the stock. in a research report on Monday, June 27th. Bank of America Corp. downgraded shares of Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Royal Bank Of Canada downgraded shares of Deutsche Bank AG from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $19.56 to $17.62 in a research report on Thursday, June 2nd. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Deutsche Bank AG has an average rating of “Hold” and a consensus target price of $21.00.
The company’s market cap is $19.38 billion. The firm has a 50-day moving average price of $13.79 and a 200 day moving average price of $16.27.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA boosted its stake 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 (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 reporting period.
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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