Deutsche Bank AG (NYSE:DB) gapped down prior to trading on Monday . The stock had previously closed at $8.65, but opened at $9.00. Deutsche Bank shares last traded at $9.48, with a volume of 230,165 shares trading hands.
Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Deutsche Bank in a research report on Tuesday, June 16th. Kepler Capital Markets reissued a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 30th. Royal Bank of Canada reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Friday, May 1st. Berenberg Bank reaffirmed a “sell” rating on shares of Deutsche Bank in a report on Monday, April 20th. Finally, ValuEngine lowered shares of Deutsche Bank from a “strong-buy” rating to a “buy” rating in a report on Friday, May 1st. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.70.
The stock’s 50 day moving average price is $8.51 and its 200-day moving average price is $7.98. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.20.
Deutsche Bank (NYSE:DB) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.13. Deutsche Bank had a negative net margin of 16.53% and a negative return on equity of 8.63%. The company had revenue of $7 billion during the quarter. As a group, analysts forecast that Deutsche Bank AG will post -0.34 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Capital Research Global Investors bought a new position in Deutsche Bank in the 1st quarter worth $519,094,000. Norges Bank bought a new position in Deutsche Bank in the 4th quarter worth $76,009,000. Two Sigma Advisers LP raised its holdings in Deutsche Bank by 877.0% in the 1st quarter. Two Sigma Advisers LP now owns 4,515,423 shares of the bank’s stock worth $28,989,000 after purchasing an additional 4,053,231 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Deutsche Bank by 316.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,623,672 shares of the bank’s stock worth $29,684,000 after purchasing an additional 3,514,443 shares in the last quarter. Finally, Pictet Asset Management Ltd. raised its holdings in Deutsche Bank by 233.0% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,181,658 shares of the bank’s stock worth $9,175,000 after purchasing an additional 2,070,252 shares in the last quarter. Institutional investors own 24.78% of the company’s stock.
Deutsche Bank Company Profile (NYSE:DB)
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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