Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High at $12.10


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Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $12.10 and last traded at $12.09, with a volume of 48378 shares trading hands. The stock had previously closed at $11.72.

A number of research analysts have weighed in on DB shares. Societe Generale raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Thursday, October 29th. Zacks Investment Research lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research note on Tuesday, November 3rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, December 10th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from an “underperform” rating to a “market perform” rating in a research report on Thursday. Finally, Barclays reaffirmed an “underweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, October 30th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $8.33.

The firm has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $9.93. The company has a quick ratio of 0.76, a current ratio of 0.73 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $25.01 billion, a price-to-earnings ratio of -15.03 and a beta of 1.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Monday, November 2nd. The bank reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.13. Deutsche Bank Aktiengesellschaft had a negative return on equity of 1.94% and a negative net margin of 3.92%. The company had revenue of $6.94 billion during the quarter. Analysts predict that Deutsche Bank Aktiengesellschaft will post -0.03 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the third quarter worth approximately $65,000. Weld Capital Management LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $85,000. BlackRock Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $88,000. OLD Mission Capital LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $98,000. Finally, US Bancorp DE boosted its stake in Deutsche Bank Aktiengesellschaft by 8.7% during the third quarter. US Bancorp DE now owns 12,392 shares of the bank’s stock worth $104,000 after buying an additional 988 shares during the last quarter. 25.62% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Company Profile (NYSE:DB)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, and securities services.

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