Deutsche Bank (DB) Downgraded by HSBC to Hold

HSBC cut shares of Deutsche Bank (NYSE:DB) from a buy rating to a hold rating in a report published on Monday morning, Marketbeat.com reports.

Other research analysts have also issued research reports about the stock. upgraded shares of Deutsche Bank from a hold rating to a buy rating and boosted their price objective for the stock from $17.93 to $18.20 in a research note on Tuesday, November 14th. Citigroup reiterated a sell rating on shares of Deutsche Bank in a research note on Tuesday, November 21st. Zacks Investment Research upgraded shares of Deutsche Bank from a strong sell rating to a hold rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods lowered shares of Deutsche Bank from a market perform rating to an underperform rating in a research note on Monday, November 20th. Finally, JPMorgan Chase & Co. reiterated a neutral rating on shares of Deutsche Bank in a research note on Monday, November 20th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. Deutsche Bank presently has a consensus rating of Hold and a consensus price target of $18.08.

Deutsche Bank (NYSE DB) traded down $0.17 during trading hours on Monday, hitting $18.13. 4,672,041 shares of the stock traded hands, compared to its average volume of 6,198,100. Deutsche Bank has a twelve month low of $15.59 and a twelve month high of $20.94. 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 cap of $37,780.00, a price-to-earnings ratio of -30.73 and a beta of 1.42.

Large investors have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA purchased a new stake in Deutsche Bank during the 2nd quarter worth approximately $130,000. Sei Investments Co. grew its position in Deutsche Bank by 49.9% during the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after purchasing an additional 2,757 shares during the last quarter. First Republic Investment Management Inc. purchased a new stake in Deutsche Bank during the 3rd quarter worth approximately $180,000. Private Advisor Group LLC purchased a new stake in Deutsche Bank during the 3rd quarter worth approximately $195,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in Deutsche Bank by 1.9% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock worth $197,000 after purchasing an additional 202 shares during the last quarter. 20.91% of the stock is currently owned by institutional investors.

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