Deutsche Bank AG (DB) Stock Price Up 3.3%
Deutsche Bank AG (NYSE:DB) shares rose 3.3% during mid-day trading on Tuesday . The company traded as high as $14.41 and last traded at $14.38, with a volume of 2,180,346 shares changing hands. The stock had previously closed at $13.92.
DB has been the topic of a number of research analyst reports. Societe Generale restated a “sell” rating on shares of Deutsche Bank AG in a report on Monday, August 1st. Bank of America Corp. downgraded Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a report on Friday, July 29th. Vetr downgraded Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 target price on the stock. in a report on Monday, June 27th. DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, June 27th. Finally, Zacks Investment Research downgraded Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a report on Monday, May 9th. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Deutsche Bank AG has an average rating of “Hold” and an average target price of $21.00.
The company’s market cap is $19.67 billion. The company has a 50 day moving average price of $13.85 and a 200 day moving average price of $16.25.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA increased its position in Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 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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