Deutsche Bank (DB) Rating Reiterated by UBS Group

Deutsche Bank (NYSE:DB)‘s stock had its “neutral” rating restated by stock analysts at UBS Group in a research report issued to clients and investors on Wednesday, www.boersen-zeitung.de reports.

Several other brokerages have also recently issued reports on DB. Zacks Investment Research raised shares of Deutsche Bank from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Credit Suisse Group reissued a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 17th. Goldman Sachs Group reissued a “hold” rating on shares of Deutsche Bank in a research report on Tuesday, October 23rd. Commerzbank reissued a “hold” rating on shares of Deutsche Bank in a research report on Wednesday, October 24th. Finally, DZ Bank reissued a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, October 24th. Seven analysts have rated the stock with a sell rating and nine have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.00.

NYSE DB opened at $8.92 on Wednesday. Deutsche Bank has a 12 month low of $7.62 and a 12 month high of $19.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $17.84 billion, a price-to-earnings ratio of -14.87 and a beta of 1.27.

Deutsche Bank (NYSE:DB) last posted its earnings results on Wednesday, October 24th. The bank reported $0.12 EPS for the quarter. Deutsche Bank had a negative net margin of 4.51% and a negative return on equity of 2.50%. The company had revenue of $7.18 billion for the quarter. As a group, analysts predict that Deutsche Bank will post 0.35 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in DB. Sei Investments Co. increased its stake in shares of Deutsche Bank by 44.1% during the second quarter. Sei Investments Co. now owns 19,154 shares of the bank’s stock worth $204,000 after buying an additional 5,862 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Deutsche Bank by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock worth $59,998,000 after buying an additional 96,411 shares during the period. Voya Investment Management LLC increased its stake in shares of Deutsche Bank by 9.2% during the second quarter. Voya Investment Management LLC now owns 512,760 shares of the bank’s stock worth $5,521,000 after buying an additional 43,129 shares during the period. Nomura Holdings Inc. increased its stake in shares of Deutsche Bank by 905.9% during the second quarter. Nomura Holdings Inc. now owns 442,403 shares of the bank’s stock worth $4,698,000 after buying an additional 398,421 shares during the period. Finally, Bank of Montreal Can increased its stake in Deutsche Bank by 197.0% in the third quarter. Bank of Montreal Can now owns 1,291,194 shares of the bank’s stock valued at $14,669,000 after purchasing an additional 856,398 shares during the last quarter. Hedge funds and other institutional investors own 22.81% 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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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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