Deutsche Bank (FRA:DBK) PT Set at €8.00 by Royal Bank of Canada

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Deutsche Bank (FRA:DBK) has been given a €8.00 ($9.30) target price by investment analysts at Royal Bank of Canada in a research note issued to investors on Wednesday, September 19th. The brokerage presently has a “sell” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 14.86% from the company’s current price.

Several other analysts also recently weighed in on the company. Barclays set a €8.00 ($9.30) price target on Deutsche Bank and gave the company a “sell” rating in a research note on Monday, August 6th. JPMorgan Chase & Co. set a €10.50 ($12.21) target price on Deutsche Bank and gave the stock a “neutral” rating in a research note on Monday, September 10th. Societe Generale set a €8.00 ($9.30) target price on Deutsche Bank and gave the stock a “sell” rating in a research note on Monday, September 10th. Morgan Stanley set a €9.00 ($10.47) target price on Deutsche Bank and gave the stock a “sell” rating in a research note on Friday, August 10th. Finally, Goldman Sachs Group set a €12.20 ($14.19) target price on Deutsche Bank and gave the stock a “neutral” rating in a research note on Monday, September 3rd. Twelve investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €10.63 ($12.36).

Deutsche Bank stock traded down €0.07 ($0.08) during trading hours on Wednesday, hitting €9.40 ($10.93). 11,029,462 shares of the stock traded hands. Deutsche Bank has a 1 year low of €12.36 ($14.37) and a 1 year high of €18.49 ($21.50).

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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