Deutsche Bank AG (NYSE:DB) Cut to Neutral at Macquarie

Deutsche Bank AG (NYSE:DB) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday, July 28th, Marketbeat.com reports. They presently have a $18.03 price target on the bank’s stock. Macquarie’s price objective would suggest a potential downside of 1.10% from the company’s previous close.

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Other research analysts have also issued research reports about the stock. ValuEngine upgraded shares of Deutsche Bank AG from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. DZ Bank AG restated a “sell” rating on shares of Deutsche Bank AG in a research report on Thursday, April 27th. J P Morgan Chase & Co reaffirmed a “neutral” rating on shares of Deutsche Bank AG in a report on Tuesday, May 23rd. BidaskClub raised shares of Deutsche Bank AG from a “sell” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research downgraded shares of Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a report on Wednesday, June 28th. Seven equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Deutsche Bank AG presently has an average rating of “Hold” and a consensus target price of $18.21.

Shares of Deutsche Bank AG (NYSE DB) traded down 0.55% on Friday, reaching $18.23. 1,454,649 shares of the company’s stock were exchanged. Deutsche Bank AG has a 12 month low of $11.19 and a 12 month high of $20.94. The company’s market cap is $37.65 billion. The firm’s 50-day moving average price is $18.05 and its 200 day moving average price is $18.38.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in DB. Sei Investments Co. raised its position in Deutsche Bank AG by 49.9% in the second quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after buying an additional 2,757 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Deutsche Bank AG by 478.3% in the first quarter. Quadrant Capital Group LLC now owns 9,426 shares of the bank’s stock valued at $156,000 after buying an additional 7,796 shares in the last quarter. Chescapmanager LLC bought a new stake in shares of Deutsche Bank AG during the first quarter valued at approximately $171,600,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Deutsche Bank AG during the first quarter valued at approximately $186,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Deutsche Bank AG during the first quarter valued at approximately $197,000. 15.86% of the stock is currently owned by hedge funds and other institutional investors.

About Deutsche Bank AG