Deutsche Bank AG (DB) Upgraded at HSBC Holdings plc
HSBC Holdings plc upgraded shares of Deutsche Bank AG (NYSE:DB) from a reduce rating to a hold rating in a research report released on Thursday, MarketBeat.com reports. HSBC Holdings plc currently has $14.00 price target on the bank’s stock.
A number of other brokerages also recently commented on DB. DZ Bank AG restated a buy rating on shares of Deutsche Bank AG in a research note on Thursday, July 27th. BidaskClub upgraded Deutsche Bank AG from a hold rating to a buy rating in a research note on Tuesday, July 11th. J P Morgan Chase & Co restated a neutral rating on shares of Deutsche Bank AG in a research note on Monday, May 29th. Macquarie downgraded Deutsche Bank AG from an outperform rating to a neutral rating and set a $18.03 target price for the company. in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded Deutsche Bank AG from a buy rating to a hold rating in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $16.57.
Shares of Deutsche Bank AG (NYSE:DB) opened at 16.63 on Thursday. The firm’s 50-day moving average price is $16.76 and its 200-day moving average price is $17.66. The firm’s market capitalization is $34.35 billion. Deutsche Bank AG has a 52-week low of $11.19 and a 52-week high of $20.94.
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Several hedge funds and other institutional investors have recently modified their holdings of DB. Bronfman E.L. Rothschild L.P. raised its holdings in Deutsche Bank AG by 83.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 6,132 shares of the bank’s stock worth $109,000 after purchasing an additional 2,793 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Deutsche Bank AG during the second quarter worth approximately $130,000. Sei Investments Co. raised its holdings in Deutsche Bank AG by 49.9% during the second quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after purchasing an additional 2,757 shares in the last quarter. Chescapmanager LLC bought a new stake in Deutsche Bank AG during the first quarter worth approximately $171,600,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in Deutsche Bank AG during the first quarter worth approximately $186,000. Institutional investors and hedge funds own 22.52% of the company’s stock.
About Deutsche Bank AG
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