Deutsche Bank (DB) Hits New 52-Week Low at $9.02
Shares of Deutsche Bank AG (NYSE:DB) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.02 and last traded at $8.86, with a volume of 586166 shares changing hands. The stock had previously closed at $9.06.
A number of equities analysts have recently weighed in on the stock. Morgan Stanley downgraded shares of Deutsche Bank from an “equal” rating to a “weight” rating and set a $9.00 price target on the stock. in a research note on Friday, August 10th. Bank of America downgraded shares of Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, September 4th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Wednesday, October 17th. Nine equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. Deutsche Bank has an average rating of “Hold” and an average price target of $11.00.
The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market capitalization of $18.39 billion, a price-to-earnings ratio of -14.55 and a beta of 1.35.
Large investors have recently modified their holdings of the stock. HPM Partners LLC bought a new stake in Deutsche Bank in the third quarter worth $115,000. LPL Financial LLC bought a new stake in Deutsche Bank in the third quarter worth $123,000. Janney Montgomery Scott LLC bought a new stake in Deutsche Bank in the second quarter worth $125,000. Wedbush Securities Inc. bought a new stake in Deutsche Bank in the second quarter worth $133,000. Finally, Gideon Capital Advisors Inc. bought a new stake in Deutsche Bank in the third quarter worth $134,000. Hedge funds and other institutional investors own 22.81% of the company’s stock.
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Deutsche Bank Company Profile (NYSE:DB)
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.
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