Deutsche Bank (DB) Rating Increased to Buy at HSBC

Deutsche Bank (NYSE:DB) was upgraded by equities research analysts at HSBC from a “hold” rating to a “buy” rating in a research note issued on Tuesday, November 14th.

Several other research firms also recently issued reports on DB. DZ Bank restated a “buy” rating on shares of Deutsche Bank in a report on Thursday, July 27th. BidaskClub downgraded shares of Deutsche Bank from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Macquarie lowered Deutsche Bank from an “outperform” rating to a “neutral” rating and set a $18.03 price objective on the stock. in a research report on Friday, July 28th. Zacks Investment Research lowered Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Finally, upgraded Deutsche Bank from a “hold” rating to a “buy” rating and increased their target price for the company from $17.93 to $18.20 in a research report on Tuesday, November 14th. Five analysts have rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.26.

Deutsche Bank (DB) traded up $0.12 during mid-day trading on Tuesday, hitting $18.98. 3,862,635 shares of the company’s stock traded hands, compared to its average volume of 4,105,285. Deutsche Bank has a 1-year low of $15.59 and a 1-year high of $20.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $39,227.35, a price-to-earnings ratio of 12.74 and a beta of 1.42.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AXA grew its position in Deutsche Bank by 4.4% in the 3rd quarter. AXA now owns 576,380 shares of the bank’s stock valued at $9,960,000 after acquiring an additional 24,508 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Deutsche Bank by 185.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock valued at $963,000 after buying an additional 36,224 shares during the period. First Republic Investment Management Inc. purchased a new stake in Deutsche Bank during the third quarter worth approximately $180,000. Caisse DE Depot ET Placement DU Quebec purchased a new stake in Deutsche Bank during the third quarter worth approximately $1,538,000. Finally, Engineers Gate Manager LP purchased a new stake in Deutsche Bank during the third quarter worth approximately $5,262,000. 20.92% of the stock is owned by institutional investors.

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Deutsche Bank Company Profile

Analyst Recommendations for Deutsche Bank (NYSE:DB)

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