Deutsche Bank AG (DB) Sees Strong Trading Volume
Deutsche Bank AG (NYSE:DB) shares saw unusually-strong trading volume on Wednesday . Approximately 4,083,654 shares were traded during trading, an increase of 18% from the previous session’s volume of 3,446,412 shares.The stock last traded at $14.70 and had previously closed at $14.39.
DB has been the topic of several research reports. Barclays PLC reiterated a “neutral” rating on shares of Deutsche Bank AG in a 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 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 price objective on the stock. in a 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 report on Friday, July 29th. Finally, DZ Bank AG reiterated a “neutral” rating on shares of Deutsche Bank AG in a report on Thursday, August 25th. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.
The stock’s market capitalization is $20.16 billion. The firm has a 50 day moving average of $13.90 and a 200-day moving average of $16.22.
A hedge fund recently raised its stake 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 Form 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 quarter.
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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