Deutsche Bank (ETR:DBK) Receives a Downgrade
Equity research analysts at Norddeutsche Landesbank’s equities research division cut the rating for shares of Deutsche Bank (ETR:DBK) to a Sell on Wednesday morning. Norddeutsche Landesbank now has a Estimated Target Price of EUR 22.00 on DBK or approximately 2.80% more upside.
From a total of 15 analysts covering Deutsche Bank (ETR:DBK) stock, 5 rate it a ”Buy”, 2 a “Sell”, and 8 a ”Hold”. This means that 33% 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 €28.54 with a 33.36% above today’s (€21.4) stock price. Deutsche Bank was the topic of 40 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Independent Research maintained shares on December 15 with “Hold” rating. Bankhaus Lampe upgraded shares to “Buy” rating and €32 target share price in a report from an October 29. Societe Generale downgraded DBK stock in a recent report from November 21 to “Sell” rating. Warburg Research maintained the rating on October 28. Warburg Research has a “Hold” rating and a €29.50 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on an October 31.
The stock increased 3.03% or EUR 0.63 on December 15, striking EUR 21.4. Approximately 8.00M shares of stock traded hands or 39.13% up from the average. Deutsche Bank AG (ETR:DBK) has risen 6.00% since November 16, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.
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 29.52 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.