The financial market analysts working for StockNews.com initiated coverage of the Deutsche Bank Aktiengesellschaft shares in a report released on Thursday.
The company advises investors to “buy” the bank’s stock, which is included in the recommendation.
DB stock officially started trading for the first time on Thursday for $10.50 per share.
The company’s moving average price over the past 50 days is $12.50, while the moving average price over the past 200 days is $10.59.
The debt-to-equity ratio is 1.82, the quick ratio is 0.79, and the current ratio is 0.76.
The company possesses a market capitalization equal to $21.70 billion, a PE ratio equal to 4.23, a P/E/G ratio equal to 0.90, and a beta value equal to 1.38.
Deutsche Bank Aktiengesellschaft’s 52-week low is $7.24, and its 52-week high is $13.57.
Various analysts who have looked into the company have written reports about DB. Royal Bank of Canada, in a research report made available on Friday, November 25th, upgraded shares of Deutsche Bank Aktiengesellschaft from “sector perform” to “outperform” and provided the company with a price objective of $14.00.
The report was distributed to the public.
The findings of the study were published.
In a research report that was released on Tuesday, December 6th, JPMorgan Chase & Co raised their price target on shares of Deutsche Bank Aktiengesellschaft from €13.00 ($13.98) to €15.00 ($16.13) and gave the stock an “overweight” rating.
The report was about Deutsche Bank Aktiengesellschaft.
Bank of America lowered its rating on shares of Deutsche Bank Aktiengesellschaft from “neutral” to “underperform” in a research report published on February 10th.
The report’s subject matter was the financial performance of the company.
There are a total of five analysts who have provided the company with a buy recommendation.
In comparison, there are a total of two analysts who have provided the company with a sell recommendation.
The typical recommendation for Deutsche Bank Aktiengesellschaft is “Hold,” and the consensus regarding the price target is $13.81, according to the data provided by Bloomberg.
There has been a lot of activity in the market from hedge funds and other institutional investors.
They have been buying and selling shares of the company. Waterfront Wealth INC paid approximately 414 000 dollars to acquire a new stake in Deutsche Bank Aktiengesellschaft during the third quarter of the current fiscal year.
During the third quarter of 2018, the Zurich Cantonalbank increased the proportion of Deutsche Bank Aktiengesellschaft shares it owned by 7.3%.
Bank Nationale der Schweiz There are currently 1,637,589 shares of Zurcher Kantonalbank stock held by Zurich Cantonalbank.
These shares are worth a total of $12,266,000.
During the year, an additional 111,085 shares were purchased, which allowed for the successful completion of this goal. Ossiam’s ownership of Deutsche Bank Aktiengesellschaft shares increased by 31.6% during the second quarter due to the company’s expansion efforts.
During that period, Ossiam made purchases amounting to 475,999 shares of the bank’s stock, bringing the total number of shares he owned to 1,983,666.
These shares are valued at a total of $17,250,000 collectively.
Pinnacle Holdings LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 51.8% during the second quarter. Following the acquisition of an additional 8,500 shares during the most recent quarter, Pinnacle Holdings LLC now holds 24,900 shares of the bank’s stock, which have a combined value of $218,000 as of the end of the most recent fiscal period.
Additionally, the Public Sector Pension Investment Board added 0.3% more shares of Deutsche Bank Aktiengesellschaft to its holdings over the second quarter.
The Public Sector Pension Investment Board now holds 1,027,773 shares of the bank after purchasing an additional 2,737 shares during the most recent quarter for a total of 1,027,773 shares owned.
The value of these shares as of right now is $8,938,000 in total.
Institutional investors own the company’s common stock by 24.67%.
In addition to providing services for corporate banking, Deutsche Bank AG is also a provider of services related to investments.
It has several different business segments that it operates within, including corporate bank, investment bank, private bank, asset management, capital release unit, as well as corporate and other. Within the framework of the business’s corporate banking division can be found the Global Transaction Bank as well as the German Commercial Clients Division.