Deutsche Bank (DB) Stock Price Down 8.4%
Deutsche Bank AG (NYSE:DB) fell 8.4% during mid-day trading on Friday . The stock traded as low as $17.03 and last traded at $17.09. 15,240,758 shares changed hands during trading, an increase of 219% from the average session volume of 4,778,237 shares. The stock had previously closed at $18.65.
Several research firms recently issued reports on DB. DZ Bank reissued a “buy” rating on shares of Deutsche Bank in a research note on Thursday, October 26th. HSBC raised Deutsche Bank from a “hold” rating to a “buy” rating in a research note on Tuesday, November 14th. Goldman Sachs Group reissued a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, December 5th. Keefe, Bruyette & Woods lowered Deutsche Bank from a “market perform” rating to an “underperform” rating in a research note on Monday, November 20th. Finally, Citigroup reissued a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, November 21st. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.08.
The company has a debt-to-equity ratio of 2.35, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $34,830.00, a P/E ratio of -27.56, a PEG ratio of 3.09 and a beta of 1.23.
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About Deutsche Bank
Deutsche Bank AG is a bank and holding company for its subsidiaries. The Company offers a range of investment, financial and related products and services to private individuals, corporate entities and institutional clients. It operates through six divisions: Global Markets, which offers financial products, including trading and hedging services to institutions and corporate clients; Corporate & Investment Banking, which brings together its commercial banking, corporate finance and transaction banking capability; Private, Wealth and Commercial Clients, which combines its capability in private and commercial banking, as well as in wealth management solutions; Deutsche Asset Management, whose investment capabilities span both active and passive strategies and an array of asset classes, including equities, fixed income, real estate and sustainable investments; Postbank, which is a German financial service provider for retail, business and corporate clients, and Non-Core Operations Unit.
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