Deutsche Bank (DB) Rating Increased to Neutral at Bank of America

Deutsche Bank (NYSE:DB) was upgraded by research analysts at Bank of America from an “underperform” rating to a “neutral” rating in a report issued on Monday.

A number of other equities analysts have also weighed in on the company. ValuEngine lowered Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, February 7th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a research report on Monday, February 5th. HSBC lowered Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. Finally, UBS Group reiterated a “neutral” rating on shares of Deutsche Bank in a research report on Monday, December 11th. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.08.

Deutsche Bank (NYSE:DB) opened at $16.46 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84. Deutsche Bank has a 1 year low of $15.06 and a 1 year high of $20.71. The firm has a market capitalization of $34,710.00, a price-to-earnings ratio of -41.15 and a beta of 1.23.

A number of hedge funds and other institutional investors have recently made changes to their positions in DB. Feinberg Stephen acquired a new stake in Deutsche Bank during the 4th quarter worth about $1,182,208,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Deutsche Bank during the 4th quarter worth about $303,402,000. LMR Partners LLP boosted its position in Deutsche Bank by 247.3% during the 4th quarter. LMR Partners LLP now owns 3,722,717 shares of the bank’s stock worth $70,947,000 after acquiring an additional 2,650,878 shares during the period. Schroder Investment Management Group boosted its position in Deutsche Bank by 133.1% during the 4th quarter. Schroder Investment Management Group now owns 4,359,697 shares of the bank’s stock worth $69,211,000 after acquiring an additional 2,489,535 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Deutsche Bank by 227.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,351,833 shares of the bank’s stock worth $40,676,000 after acquiring an additional 1,634,532 shares during the period. Hedge funds and other institutional investors own 19.34% of the company’s stock.

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Deutsche Bank Company Profile

Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.

Analyst Recommendations for Deutsche Bank (NYSE:DB)

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