HSBC Holdings PLC Upgrades Deutsche Bank AG (DB) to “Buy”

HSBC Holdings PLC upgraded shares of Deutsche Bank AG (NYSE:DB) from a hold rating to a buy rating in a report issued on Tuesday morning.

A number of other research analysts have also recently commented on the company. ValuEngine cut Deutsche Bank AG from a buy rating to a hold rating in a research report on Friday, September 1st. Credit Suisse Group raised Deutsche Bank AG from an underperform rating to a neutral rating in a report on Tuesday, September 5th. DZ Bank AG reissued a buy rating on shares of Deutsche Bank AG in a report on Thursday, October 26th. Macquarie cut Deutsche Bank AG from an outperform rating to a neutral rating and set a $18.03 price objective on the stock. in a report on Friday, July 28th. Finally, Zacks Investment Research cut Deutsche Bank AG from a buy rating to a strong sell rating in a report on Thursday, September 7th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $19.26.

Deutsche Bank AG (NYSE:DB) opened at $19.13 on Tuesday. Deutsche Bank AG has a 1 year low of $15.09 and a 1 year high of $20.94. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market capitalization of $39,590.00, a price-to-earnings ratio of 12.21 and a beta of 1.37.

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A number of hedge funds and other institutional investors have recently made changes to their positions in DB. OLD National Bancorp IN increased its stake in Deutsche Bank AG by 33.8% in the 2nd quarter. OLD National Bancorp IN now owns 20,152 shares of the bank’s stock worth $358,000 after acquiring an additional 5,086 shares during the last quarter. Aperio Group LLC increased its stake in Deutsche Bank AG by 14.6% in the 2nd quarter. Aperio Group LLC now owns 548,303 shares of the bank’s stock worth $9,754,000 after acquiring an additional 69,684 shares during the last quarter. Exane Asset Management increased its stake in Deutsche Bank AG by 212.2% in the 2nd quarter. Exane Asset Management now owns 319,821 shares of the bank’s stock worth $5,673,000 after acquiring an additional 217,391 shares during the last quarter. Johnson Financial Group LLC bought a new position in Deutsche Bank AG in the 2nd quarter worth about $549,000. Finally, Highland Capital Management LLC increased its stake in Deutsche Bank AG by 5.7% in the 2nd quarter. Highland Capital Management LLC now owns 39,262 shares of the bank’s stock worth $698,000 after acquiring an additional 2,130 shares during the last quarter. Institutional investors and hedge funds own 22.21% of the company’s stock.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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