Deutsche Bank (DB) Stock Rating Lowered by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods lowered shares of Deutsche Bank (NYSE:DB) from a market perform rating to an underperform rating in a research note published on Monday, November 20th, Marketbeat reports.

DB has been the subject of several other research reports. Macquarie lowered Deutsche Bank from an outperform rating to a neutral rating and set a $18.03 price objective for the company. in a research report on Friday, July 28th. DZ Bank reissued a buy rating on shares of Deutsche Bank in a research report on Thursday, July 27th. ValuEngine raised Deutsche Bank from a hold rating to a buy rating in a research report on Tuesday, September 26th. HSBC raised Deutsche Bank from a hold rating to a buy rating in a research report on Tuesday, November 14th. Finally, BidaskClub lowered Deutsche Bank from a sell rating to a strong sell rating in a research report on Friday, August 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $19.26.

Shares of Deutsche Bank (NYSE:DB) traded down $0.26 during trading on Monday, reaching $18.50. The company’s stock had a trading volume of 2,881,867 shares, compared to its average volume of 5,231,075. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $39,516.70, a price-to-earnings ratio of 12.83 and a beta of 1.43. Deutsche Bank has a fifty-two week low of $15.59 and a fifty-two week high of $20.94.

A number of large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its position in Deutsche Bank by 33.9% in the 2nd 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 during the last quarter. Capital World Investors raised its position in Deutsche Bank by 82.3% in the 2nd quarter. Capital World Investors now owns 23,884,260 shares of the bank’s stock worth $423,513,000 after buying an additional 10,784,260 shares during the last quarter. Russell Investments Group Ltd. raised its position in Deutsche Bank by 4.4% in the 2nd 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 during the last quarter. State of Wisconsin Investment Board raised its position in Deutsche Bank by 15.0% in the 2nd quarter. State of Wisconsin Investment Board now owns 2,483,514 shares of the bank’s stock worth $43,976,000 after buying an additional 323,424 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Deutsche Bank by 227.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after buying an additional 1,634,532 shares during the last quarter. 20.92% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This news story was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://stocknewstimes.com/2017/12/06/deutsche-bank-ag-db-downgraded-by-keefe-bruyette-woods-to-underperform.html.

Deutsche Bank Company Profile

Analyst Recommendations for Deutsche Bank (NYSE:DB)

Receive News & Ratings for Deutsche Bank AG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank AG and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply