Analysts at Credit Suisse Group AG began coverage on shares of Deutsche Bank AG (NYSE:DB) in a research report issued on Monday. The firm set an “underperform” rating on the stock.

Other equities research analysts also recently issued reports about the company. Societe Generale restated a “sell” rating on shares of Deutsche Bank AG in a report on Monday, August 1st. Vetr downgraded Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 price target for the company. in a report on Monday, June 27th. Bank of America Corp. set a $12.10 price target on Deutsche Bank AG and gave the stock a “sell” rating in a report on Saturday. JPMorgan Chase & Co. downgraded Deutsche Bank AG from an “overweight” rating to a “neutral” rating in a report on Monday, June 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Deutsche Bank AG in a report on Tuesday, June 28th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.88.

Shares of Deutsche Bank AG (NYSE:DB) opened at 12.42 on Monday. The firm’s market capitalization is $16.98 billion. The company has a 50-day moving average price of $14.01 and a 200 day moving average price of $15.90. Deutsche Bank AG has a 12-month low of $12.40 and a 12-month high of $30.82.

Hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. boosted its stake in Deutsche Bank AG by 12,621,052.9% in the second quarter. Macquarie Group Ltd. now owns 36,475,132 shares of the company’s stock worth $500,803,000 after buying an additional 36,474,843 shares during the last quarter. Cohen & Steers Inc. boosted its stake in Deutsche Bank AG by 202.7% in the second quarter. Cohen & Steers Inc. now owns 181,038 shares of the company’s stock worth $5,051,000 after buying an additional 121,238 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Deutsche Bank AG by 41.1% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,119,641 shares of the company’s stock worth $15,331,000 after buying an additional 326,241 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Deutsche Bank AG by 114.7% in the second quarter. Guggenheim Capital LLC now owns 36,101 shares of the company’s stock worth $496,000 after buying an additional 19,285 shares during the last quarter. Finally, Passport Capital LLC acquired a new stake in Deutsche Bank AG during the second quarter worth about $493,000. 24.68% of the stock is owned by institutional investors.

Deutsche Bank AG Company Profile

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).

5 Day Chart for NYSE:DB

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