Frankfurt: Deutsche Bank (ETR:DBK) Stock Has Just Had Its “Hold” Rating Reiterated by Independent Research GmbH. Shares now Have a EUR 27.00 Target


Deutsche Bank (ETR:DBK) Rating Reaffirmed

In an analyst research report finalized on Wednesday, 2 December, The “Hold” rating of Deutsche Bank (ETR:DBK) shares was kept steady at Independent Research GmbH, who now has a EUR 27.00 target price on the stock. Independent Research GmbH’s target price implies a possible upside of 10.38% from the last stock price of the company.

From a total of 14 analysts covering Deutsche Bank (ETR:DBK) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is €37 while the lowest target price is €22. The mean of all analyst targets is €29.04 with a 18.72% above today’s (€24.46) stock price. Deutsche Bank was the topic of 37 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Societe Generale downgraded shares on November 21 to “Sell” rating. Warburg Research maintained shares with “Hold” rating and €29.50 target share price in a report from an October 28. Kepler Cheuvreux upgraded DBK stock in a recent report from October 31 to “Buy” rating. BNP Paribas maintained the rating on October 28. BNP Paribas has a “Neutral” rating and a €30 price target on shares. Finally, Bankhaus Lampe upgraded the stock to “Buy” rating in a report issued on an October 29.

The stock increased 0.64% or EUR 0.15 on December 1, striking EUR 24.46. Approximately 5.01 million shares of stock traded hands. Deutsche Bank AG (ETR:DBK) has risen 6.00% since November 2, 2015 and is uptrending. It has outperformed by 7.62% the S&P500.

Frankfurt: Deutsche Bank (ETR:DBK) Stock Has Just Had Its

Deutsche Bank AG is a global investment bank, which offers a range of services and products in investment, corporate and retail banking, as well as in asset and wealth management. The company has a market cap of 33.31 billion EUR. The Group operates through five corporate divisions: Corporate Banking & Securities , Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). It currently has negative earnings. CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products.