Deutsche Bank AG (DB) Trading Up 3.3%
Shares of Deutsche Bank AG (NYSE:DB) were up 3.3% during mid-day trading on Wednesday . The stock traded as high as $14.31 and last traded at $14.18, with a volume of 4,567,371 shares changing hands. The stock had previously closed at $13.73.
DB has been the subject of a number of recent analyst reports. Societe Generale reissued 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. Vetr cut Deutsche Bank AG from a “hold” rating to a “sell” rating and set a $16.96 price objective for the company. in a research report on Monday, June 27th. DZ Bank AG reissued a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, June 27th. Finally, Zacks Investment Research cut Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a research report on Monday, May 9th. Six 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’s stock. Deutsche Bank AG currently has a consensus rating of “Hold” and a consensus price target of $21.00.
The firm’s market capitalization is $19.44 billion. The firm’s 50-day moving average is $14.01 and its 200 day moving average is $16.56.
An institutional investor recently raised its position 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 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 as of its most recent SEC filing.
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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