Deutsche Bank AG (DB) Shares Up 3.3%
Deutsche Bank AG (NYSE:DB) shares shot up 3.3% during trading on Tuesday . The stock traded as high as $14.41 and last traded at $14.38, with a volume of 2,180,346 shares. The stock had previously closed at $13.92.
Several brokerages recently commented on DB. DZ Bank AG reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a research report on Thursday, August 25th. Barclays PLC reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Societe Generale reaffirmed a “sell” rating on shares of Deutsche Bank AG in a research report on Monday, August 1st. Bank of America Corp. cut Deutsche Bank AG from a “neutral” rating to an “underperform” rating in a research report on Friday, July 29th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Deutsche Bank AG in a research report on Tuesday, June 28th. Six research analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.00.
The stock’s market capitalization is $20.16 billion. The company has a 50 day moving average price of $13.90 and a 200 day moving average price of $16.22.
An institutional investor recently raised its position in Deutsche Bank AG stock. BNP Paribas Arbitrage SA boosted its position in shares of Deutsche Bank AG (NYSE:DB) by 21.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (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 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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