Somewhat Positive Press Coverage Somewhat Unlikely to Impact Deutsche Bank (DB) Stock Price
Media headlines about Deutsche Bank (NYSE:DB) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Deutsche Bank earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave headlines about the bank an impact score of 44.4051688419324 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Fed’s Quarter-Point Rate Hike Wednesday to Cost Consumers, Raise Recession Risk – TheStreet.com (thestreet.com)
- Deutsche Bank AG (NYSE: DB) – Where Relative Volume Stands? – Alpha Beta Stock (alphabetastock.com)
- UBS Reaffirms Neutral Rating for Deutsche Bank (DB) (americanbankingnews.com)
- Deutsche Bank AG (NYSE: DB) – Glowing Stock’s Review – Alpha Beta Stock (alphabetastock.com)
- Bloomberg corrects Trump subpoena story – Seeking Alpha (seekingalpha.com)
Shares of Deutsche Bank (NYSE:DB) traded down $0.08 during trading on Tuesday, hitting $19.30. The company had a trading volume of 2,150,500 shares, compared to its average volume of 5,209,904. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $40,054.06, a P/E ratio of 13.01 and a beta of 1.43. Deutsche Bank has a one year low of $15.59 and a one year high of $20.94.
A number of analysts have recently weighed in on DB shares. Macquarie lowered Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised Deutsche Bank from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, August 22nd. Keefe, Bruyette & Woods lowered Deutsche Bank from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 31st. ValuEngine lowered Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group raised Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 5th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $19.26.
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