Deutsche Bank’s (DB) “Neutral” Rating Reaffirmed at UBS

UBS reissued their neutral rating on shares of Deutsche Bank (NYSE:DB) in a research note published on Monday morning, www.boersen-zeitung.de reports.

DB has been the topic of several other research reports. raised Deutsche Bank from a hold rating to a buy rating and lifted their target price for the company from $17.93 to $18.20 in a research note on Tuesday, November 14th. Citigroup reaffirmed a sell rating on shares of Deutsche Bank in a research note on Tuesday, November 21st. Zacks Investment Research raised Deutsche Bank from a strong sell rating to a hold rating in a research note on Monday, November 6th. Keefe, Bruyette & Woods downgraded Deutsche Bank from an outperform rating to a market perform rating in a research note on Thursday, August 31st. Finally, HSBC raised Deutsche Bank from a hold rating to a buy rating in a research note on Tuesday, November 14th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $19.26.

Shares of Deutsche Bank (DB) opened at $19.23 on Monday. 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 firm has a market capitalization of $39,950.72, a price-to-earnings ratio of 12.97 and a beta of 1.43. Deutsche Bank has a 12 month low of $15.59 and a 12 month high of $20.94.

Several institutional investors and hedge funds have recently bought and sold shares of DB. US Bancorp DE raised its stake in shares of Deutsche Bank by 13.9% in the 2nd quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock worth $252,000 after buying an additional 1,726 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Deutsche Bank in the 2nd quarter worth $206,000. Sei Investments Co. raised its stake in shares of Deutsche Bank by 49.9% in the 2nd quarter. Sei Investments Co. now owns 8,278 shares of the bank’s stock worth $147,000 after buying an additional 2,757 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Deutsche Bank by 20.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,103,444 shares of the bank’s stock worth $19,539,000 after buying an additional 183,668 shares in the last quarter. Finally, LMR Partners LLP raised its stake in shares of Deutsche Bank by 297.8% in the 2nd quarter. LMR Partners LLP now owns 94,970 shares of the bank’s stock worth $1,685,000 after buying an additional 71,098 shares in the last quarter. 20.92% of the stock is currently owned by institutional investors.

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