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

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Deutsche Bank (NYSE:DB) was upgraded by research analysts at UBS Group from a “sell” rating to a “neutral” rating in a report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $7.53 price target on the bank’s stock. UBS Group’s target price would indicate a potential downside of 1.83% from the company’s previous close.

Several other research firms have also issued reports on DB. ValuEngine lowered shares of Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Zacks Investment Research lowered shares of Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Barclays restated a “sell” rating on shares of Deutsche Bank in a report on Monday, March 25th. Royal Bank of Canada restated a “sell” rating and issued a $7.50 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Finally, DZ Bank restated a “neutral” rating on shares of Basf in a report on Tuesday, July 9th. Eight equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.60.

DB stock opened at $7.67 on Friday. The firm has a market capitalization of $15.85 billion, a price-to-earnings ratio of 383.50 and a beta of 1.51. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. Deutsche Bank has a 12-month low of $6.61 and a 12-month high of $13.17. The firm has a fifty day moving average price of $7.19.

Deutsche Bank (NYSE:DB) last released its earnings results on Friday, April 26th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $7.21 billion for the quarter. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. Equities analysts anticipate that Deutsche Bank will post 0.34 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in DB. Laurel Wealth Advisors Inc. bought a new stake in Deutsche Bank in the 1st quarter worth about $99,000. Greenleaf Trust bought a new stake in Deutsche Bank in the 1st quarter worth about $105,000. Advisor Group Inc. grew its position in Deutsche Bank by 19.2% in the 4th quarter. Advisor Group Inc. now owns 14,271 shares of the bank’s stock worth $116,000 after purchasing an additional 2,294 shares in the last quarter. Flinton Capital Management LLC grew its position in Deutsche Bank by 42.5% in the 4th quarter. Flinton Capital Management LLC now owns 15,764 shares of the bank’s stock worth $126,000 after purchasing an additional 4,704 shares in the last quarter. Finally, Creative Planning grew its position in Deutsche Bank by 8.7% in the 1st quarter. Creative Planning now owns 17,964 shares of the bank’s stock worth $146,000 after purchasing an additional 1,437 shares in the last quarter. 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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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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