Deutsche Bank (NYSE:DB) Earns Neutral Rating from UBS Group

UBS Group reaffirmed their neutral rating on shares of Deutsche Bank (NYSE:DB) in a research note published on Tuesday morning, Borsen Zeitung reports.

Several other equities research analysts also recently commented on DB. Goldman Sachs Group reaffirmed a hold rating and issued a $7.80 target price on shares of Deutsche Bank in a research note on Tuesday, July 23rd. Barclays reiterated a sell rating and issued a $5.00 price target on shares of Deutsche Bank in a report on Wednesday, July 17th. Credit Suisse Group reiterated a sell rating and issued a $6.00 price target on shares of Deutsche Bank in a report on Monday, July 1st. Bank of America reiterated a sell rating on shares of Deutsche Bank in a report on Monday, July 8th. Finally, DZ Bank reiterated a neutral rating on shares of Deutsche Bank in a report on Wednesday, July 24th. Nine analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Deutsche Bank has a consensus rating of Hold and an average target price of $7.01.

Shares of Deutsche Bank stock traded down $0.03 during trading on Tuesday, hitting $7.87. 229,036 shares of the company’s stock traded hands, compared to its average volume of 4,984,273. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s fifty day moving average price is $7.62 and its 200 day moving average price is $7.64. Deutsche Bank has a twelve month low of $6.44 and a twelve month high of $11.27. The company has a market cap of $16.37 billion, a PE ratio of -787.50 and a beta of 1.56.

Deutsche Bank (NYSE:DB) last issued its earnings results on Wednesday, July 24th. The bank reported ($1.86) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($2.03). Deutsche Bank had a negative net margin of 8.73% and a negative return on equity of 4.63%. The firm had revenue of $6.97 billion during the quarter. As a group, equities research analysts anticipate that Deutsche Bank will post 0.16 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. UBS Asset Management Americas Inc. increased its holdings in Deutsche Bank by 2,423.4% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 4,845 shares of the bank’s stock valued at $37,000 after buying an additional 4,653 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in Deutsche Bank during the 2nd quarter valued at $43,000. Glen Harbor Capital Management LLC increased its stake in Deutsche Bank by 19.4% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after purchasing an additional 1,744 shares in the last quarter. Signaturefd LLC increased its stake in Deutsche Bank by 161.8% during the 2nd quarter. Signaturefd LLC now owns 11,954 shares of the bank’s stock valued at $91,000 after purchasing an additional 7,388 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. bought a new stake in Deutsche Bank during the 1st quarter valued at $99,000. Institutional investors and hedge funds own 21.93% of the company’s stock.

Deutsche Bank Company Profile

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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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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