Deutsche Bank (DB) Shares Gap Down to $9.05

Deutsche Bank AG (NYSE:DB)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $9.24, but opened at $9.05. Deutsche Bank shares last traded at $8.78, with a volume of 7836339 shares traded.

Several equities analysts recently issued reports on DB shares. Goldman Sachs Group restated a “hold” rating on shares of Deutsche Bank in a research note on Tuesday, November 20th. Barclays set a $8.00 price objective on Deutsche Bank and gave the stock a “sell” rating in a research note on Tuesday, November 20th. equinet restated a “hold” rating on shares of Deutsche Bank in a research note on Thursday, November 22nd. Zacks Investment Research cut Deutsche Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. Finally, Morgan Stanley restated a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, November 27th. Nine analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $11.00.

The company has a debt-to-equity ratio of 2.28, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $19.14 billion, a price-to-earnings ratio of -14.63 and a beta of 1.37.



Hedge funds and other institutional investors have recently modified their holdings of the business. Lindbrook Capital LLC acquired a new stake in Deutsche Bank in the fourth quarter worth $41,000. Performa Ltd US LLC acquired a new stake in Deutsche Bank in the fourth quarter worth $65,000. HPM Partners LLC acquired a new stake in Deutsche Bank in the third quarter worth $115,000. LPL Financial LLC acquired a new stake in Deutsche Bank in the third quarter worth $123,000. Finally, Cerity Partners LLC increased its position in Deutsche Bank by 13.4% in the fourth quarter. Cerity Partners LLC now owns 11,513 shares of the bank’s stock worth $94,000 after buying an additional 1,361 shares during the period. 22.00% of the stock is currently owned by hedge funds and other institutional investors.

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Deutsche Bank Company Profile (NYSE:DB)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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