Deutsche Bank Aktiengesellschaft (NYSE:DB) sees strong trading volume on analysts’ upgrade
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Rating) saw unusually high trading volume on Tuesday after Barclays raised its price target on the stock from €11.00 to €11.50. Approximately 597,464 shares were traded during trading, down 90% from the previous session’s volume of 6,111,285 shares. The stock last traded at $10.68 and previously closed at $10.47.
Several other research companies also commented on DB. Royal Bank of Canada raised its price target on Deutsche Bank Aktiengesellschaft from €11.00 ($11.34) to €11.50 ($11.86) in a Tuesday, November 1 research report. Credit Suisse Group raised its price target on Deutsche Bank Aktiengesellschaft from €10.00 ($10.31) to €10.50 ($10.82) and assigned the stock an “under-price” rating. performance” in a Thursday, October 27, research report. StockNews.com launched coverage on Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 12. They issued a “buy” rating for the company. Finally, Morgan Stanley lowered its price target on Deutsche Bank Aktiengesellschaft from €15.00 ($15.46) to €14.00 ($14.43) and set an “equal weight” rating for the company. in a Thursday, October 13 research report. One equity research analyst gave the stock a sell rating, seven gave the company a hold rating and four gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.96.
Deutsche Bank Aktiengesellschaft Institutional Trading
Institutional investors have recently increased or reduced their stake in the company. Deutsche Bank AG increased its stake in Deutsche Bank Aktiengesellschaft shares by 40.2% during the second quarter. Deutsche Bank AG now owns 82,407,988 shares of the bank valued at $720,246,000 after acquiring an additional 23,647,091 shares last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $122,544,000. Acadian Asset Management LLC increased its stake in Deutsche Bank Aktiengesellschaft shares by 2,958.3% during the first quarter. Acadian Asset Management LLC now owns 8,956,659 shares of the bank valued at $114,677,000 after acquiring 8,663,795 additional shares last quarter. Amundi increased its stake in Deutsche Bank Aktiengesellschaft shares by 12.8% during the second quarter. Amundi now owns 46,173,041 shares in the bank valued at $354,149,000 after acquiring an additional 5,232,371 shares last quarter. Finally, Credit Suisse AG increased its stake in Deutsche Bank Aktiengesellschaft shares by 26.9% during the second quarter. Credit Suisse AG now owns 11,245,733 shares of the bank valued at $98,289,000 after acquiring an additional 2,384,203 shares last quarter.
Deutsche Bank Aktiengesellschaft shares up 1.8%
The company has a market capitalization of $22.03 billion, a P/E ratio of 6.23, a P/E/G ratio of 0.70 and a beta of 1.41. The company has a quick ratio of 0.79, a current ratio of 0.72 and a debt ratio of 2.06. The company’s 50-day moving average is $8.78 and its 200-day moving average is $9.11.
Deutsche Bank Aktiengesellschaft company profile
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DB Group Services (UK) Limited operates as a subsidiary of Deutsche Bank Aktiengesellschaft
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