Deutsche Bank (DB) Lifted to Buy at ValuEngine

Deutsche Bank (NYSE:DB) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other equities analysts have also issued reports on the company. raised Deutsche Bank from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.93 to $18.20 in a research note on Tuesday, November 14th. HSBC raised Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Credit Suisse Group raised Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Tuesday, September 5th. DZ Bank reissued a “buy” rating on shares of Deutsche Bank in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered Deutsche Bank from a “buy” rating to a “strong sell” rating in a research note on Thursday, September 7th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.26.

Deutsche Bank (NYSE:DB) traded up $0.14 on Monday, reaching $19.12. The company had a trading volume of 2,915,543 shares, compared to its average volume of 5,249,789. Deutsche Bank has a 1 year low of $15.59 and a 1 year high of $20.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. The firm has a market cap of $39,050.00, a price-to-earnings ratio of 12.74 and a beta of 1.42.

A number of hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in Deutsche Bank by 1.9% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock valued at $197,000 after purchasing an additional 202 shares in the last quarter. Strategic Advisors LLC raised its position in Deutsche Bank by 1.2% in the 2nd quarter. Strategic Advisors LLC now owns 63,981 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 749 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in Deutsche Bank by 4.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 19,127 shares of the bank’s stock valued at $339,000 after purchasing an additional 802 shares in the last quarter. US Bancorp DE raised its position in Deutsche Bank by 13.9% in the 2nd quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock valued at $252,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Sei Investments Co. raised its position in Deutsche Bank by 49.9% in the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock valued at $147,000 after purchasing an additional 2,757 shares in the last quarter. 20.92% of the stock is currently owned by institutional investors.

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