Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a buy rating to a hold rating in a research report released on Tuesday morning.

Separately, Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $17.85 on Tuesday. The business’s fifty day moving average is $17.14 and its two-hundred day moving average is $16.47. The firm has a market cap of $36.88 billion, a P/E ratio of 9.15 and a beta of 1.21. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 52 week low of $12.43 and a 52 week high of $18.07.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rothschild Investment LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $43,000. Blue Trust Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 251.8% during the second quarter. Blue Trust Inc. now owns 8,587 shares of the bank’s stock worth $135,000 after purchasing an additional 6,146 shares during the period. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $135,000. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.