Deutsche Bank AG (NYSE:DB) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

A number of other research firms have also recently commented on DB. DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a report on Thursday, July 27th. BidaskClub raised Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. J P Morgan Chase & Co reissued a “neutral” rating on shares of Deutsche Bank AG in a report on Monday, May 29th. Macquarie cut Deutsche Bank AG from an “outperform” rating to a “neutral” rating and set a $18.03 price target on the stock. in a report on Friday, July 28th. Finally, Zacks Investment Research cut Deutsche Bank AG from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.57.

Deutsche Bank AG (NYSE DB) opened at 16.035 on Tuesday. The company’s 50-day moving average price is $16.76 and its 200 day moving average price is $17.66. The stock’s market capitalization is $33.12 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 institutional investors have recently modified their holdings of DB. Cetera Investment Advisers purchased a new position in Deutsche Bank AG in the second quarter worth about $368,000. Intellectus Partners LLC grew its position in Deutsche Bank AG by 24.8% in the second quarter. Intellectus Partners LLC now owns 67,160 shares of the bank’s stock worth $1,195,000 after acquiring an additional 13,348 shares in the last quarter. Scotia Capital Inc. purchased a new position in Deutsche Bank AG in the second quarter worth about $229,000. The Manufacturers Life Insurance Company purchased a new position in Deutsche Bank AG in the second quarter worth about $27,950,000. Finally, Bluefin Trading LLC purchased a new position in Deutsche Bank AG in the second quarter worth about $1,754,000. Hedge funds and other institutional investors own 22.52% of the company’s stock.

About Deutsche Bank AG

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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