Brokerages Set Deutsche Bank AG (DB) Target Price at $16.40

Deutsche Bank AG (NYSE:DB) has earned an average recommendation of “Hold” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $16.94.

A number of research firms have recently issued reports on DB. HSBC Holdings plc lowered shares of Deutsche Bank AG from a “hold” rating to a “reduce” rating in a report on Friday. BidaskClub lowered shares of Deutsche Bank AG from a “sell” rating to a “strong sell” rating in a report on Friday. ValuEngine raised shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a report on Tuesday, June 13th. DZ Bank AG reaffirmed a “sell” rating on shares of Deutsche Bank AG in a report on Thursday, April 27th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd.

Deutsche Bank AG (NYSE DB) traded up 1.13% during trading on Monday, reaching $17.05. 8,678,632 shares of the company’s stock traded hands. The firm’s market capitalization is $35.22 billion. The company has a 50-day moving average price of $18.21 and a 200 day moving average price of $18.34. Deutsche Bank AG has a one year low of $11.19 and a one year high of $20.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of DB. Karp Capital Management Corp bought a new position in Deutsche Bank AG during the first quarter worth approximately $8,213,000. World Asset Management Inc boosted its position in Deutsche Bank AG by 51.9% in the first quarter. World Asset Management Inc now owns 128,691 shares of the bank’s stock worth $2,208,000 after buying an additional 43,988 shares during the last quarter. Strategic Advisors LLC boosted its position in Deutsche Bank AG by 0.5% in the first quarter. Strategic Advisors LLC now owns 63,232 shares of the bank’s stock worth $1,571,000 after buying an additional 336 shares during the last quarter. Capital One National Association bought a new position in Deutsche Bank AG during the first quarter worth approximately $229,000. Finally, OLD National Bancorp IN bought a new position in Deutsche Bank AG during the first quarter worth approximately $258,000. 15.86% of the stock is currently owned by institutional investors.

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Deutsche Bank AG Company Profile

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