Deutsche Bank AG (NYSE:DB) Downgraded by BidaskClub to Sell

Deutsche Bank AG (NYSE:DB) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday, July 25th.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded Deutsche Bank AG from a “hold” rating to a “strong sell” rating in a research report on Wednesday, June 28th. ValuEngine downgraded Deutsche Bank AG from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Barclays PLC reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Thursday, June 8th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Deutsche Bank AG in a research report on Monday, May 29th. Finally, DZ Bank AG reissued a “buy” rating on shares of Deutsche Bank AG in a research note on Friday, May 19th. 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 assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.21.

Shares of Deutsche Bank AG (NYSE DB) traded up 1.13% during midday trading on Tuesday, hitting $17.05. 8,678,632 shares of the stock were exchanged. Deutsche Bank AG has a one year low of $11.19 and a one year high of $20.94. The stock’s market cap is $35.22 billion. The stock’s 50-day moving average price is $18.22 and its 200 day moving average price is $18.32.

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Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in Deutsche Bank AG by 33.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 27,368,588 shares of the bank’s stock worth $491,602,000 after buying an additional 6,923,038 shares in the last quarter. Renaissance Technologies LLC increased its stake in Deutsche Bank AG by 211.7% in the first quarter. Renaissance Technologies LLC now owns 3,971,796 shares of the bank’s stock worth $68,385,000 after buying an additional 2,697,658 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Deutsche Bank AG by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 2,909,133 shares of the bank’s stock worth $51,669,000 after buying an additional 123,207 shares in the last quarter. State of Wisconsin Investment Board boosted its position in shares of Deutsche Bank AG by 15.0% in the second quarter. State of Wisconsin Investment Board now owns 2,483,514 shares of the bank’s stock valued at $43,976,000 after buying an additional 323,424 shares during the period. Finally, Schroder Investment Management Group boosted its position in shares of Deutsche Bank AG by 17.3% in the second quarter. Schroder Investment Management Group now owns 2,161,344 shares of the bank’s stock valued at $34,203,000 after buying an additional 318,364 shares during the period. Institutional investors and hedge funds own 15.86% of the company’s stock.

Deutsche Bank AG Company Profile

Analyst Recommendations for Deutsche Bank AG (NYSE:DB)

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