Deutsche Bank (NYSE:DB) Raised to “Neutral” at UBS Group

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UBS Group upgraded shares of Deutsche Bank (NYSE:DB) from a sell rating to a neutral rating in a research note issued to investors on Friday, Benzinga reports. UBS Group currently has $7.53 target price on the bank’s stock.

DB has been the topic of a number of other reports. Royal Bank of Canada reaffirmed a sell rating and set a $7.50 target price on shares of Deutsche Bank in a research report on Thursday, April 25th. ValuEngine lowered Welbilt from a hold rating to a sell rating in a report on Wednesday, June 12th. HSBC reaffirmed a hold rating on shares of Societe Generale in a report on Thursday, April 4th. DZ Bank reaffirmed a neutral rating on shares of Basf in a report on Tuesday, July 9th. Finally, Norddeutsche Landesbank reiterated a hold rating and set a $8.00 price objective on shares of Deutsche Bank in a research report on Friday, April 26th. Eight research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company’s stock. Deutsche Bank currently has an average rating of Hold and a consensus price target of $7.60.

Shares of DB opened at $7.67 on Friday. The stock’s 50-day moving average is $7.19. The firm has a market capitalization of $15.85 billion, a PE ratio of -767.00 and a beta of 1.51. Deutsche Bank has a 12 month low of $6.61 and a 12 month high of $13.17. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.80 and a current ratio of 0.80.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Friday, April 26th. The bank reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $7.21 billion for the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. As a group, analysts predict that Deutsche Bank will post 0.34 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in Deutsche Bank in the fourth quarter worth approximately $2,133,000. Janus Henderson Group PLC lifted its position in Deutsche Bank by 0.9% in the first quarter. Janus Henderson Group PLC now owns 668,300 shares of the bank’s stock worth $5,433,000 after purchasing an additional 5,881 shares during the period. Banque Pictet & Cie SA lifted its position in Deutsche Bank by 54.6% in the first quarter. Banque Pictet & Cie SA now owns 845,600 shares of the bank’s stock worth $6,893,000 after purchasing an additional 298,700 shares during the period. Two Sigma Advisers LP acquired a new stake in Deutsche Bank in the fourth quarter worth approximately $1,116,000. Finally, Private Advisor Group LLC lifted its position in Deutsche Bank by 73.5% in the fourth quarter. Private Advisor Group LLC now owns 29,124 shares of the bank’s stock worth $237,000 after purchasing an additional 12,339 shares during the period. Hedge funds and other institutional investors own 19.34% of the company’s stock.

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 Deutsche Asset Management.

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