Deutsche Bank (FRA:DBK) PT Set at €6.90 by HSBC

HSBC set a €6.90 ($8.02) target price on Deutsche Bank (FRA:DBK) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other research firms have also weighed in on DBK. Credit Suisse Group upgraded shares of Laredo Petroleum from an underperform rating to a neutral rating and set a $2.83 price objective on the stock in a research note on Tuesday. They noted that the move was a valuation call. Goldman Sachs Group reiterated a hold rating and set a $8.40 price objective on shares of Deutsche Bank in a research note on Monday, July 8th. JPMorgan Chase & Co. reiterated a top pick rating on shares of in a research note on Thursday, July 4th. Nord/LB set a €45.00 ($52.33) price objective on shares of Draegerwerk AG & Co KGaA and gave the stock a neutral rating in a research note on Friday, April 26th. Finally, Kepler Capital Markets reiterated a hold rating on shares of Continental in a research note on Friday, June 28th. Eight investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The company presently has a consensus rating of Hold and a consensus target price of €7.29 ($8.48).

DBK opened at €6.76 ($7.86) on Tuesday. Deutsche Bank has a fifty-two week low of €12.36 ($14.37) and a fifty-two week high of €18.49 ($21.50). The stock’s 50-day simple moving average is €6.39.

Deutsche Bank Company Profile

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 Asset Management.

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