Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 52-Week High – Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $18.13 and last traded at $18.11, with a volume of 1088122 shares. The stock had previously closed at $17.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

The stock has a market capitalization of $37.39 billion, a P/E ratio of 9.63 and a beta of 1.20. The stock’s 50-day simple moving average is $17.22 and its 200 day simple moving average is $16.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DB. Versant Capital Management Inc acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $26,000. SYSTM Wealth Solutions LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $31,000. Wilmington Savings Fund Society FSB acquired a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $43,000. Benjamin F. Edwards & Company Inc. acquired a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $135,000. Finally, Allworth Financial LP lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after buying an additional 8,037 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.