November 25, 2016 - By Linda Rogers
Bankhaus Lampe KG has increased Deutsche Bank (ETR:DBK) stock to a “Buy” in a a research note revealed on Friday, 25 November, and has set an estimated 12-month target price at EUR 21.00. This target is 41.41% from DBK’s last price.
Out of 23 analysts covering Deutsche Bank (ETR:DBK), 4 rate it a “Buy”, 8 “Sell”, while 11 “Hold”. This means 17% are positive. €37 is the highest target while €9 is the lowest. The €15.04 average target is 2.66% above today’s (€14.65) stock price. Deutsche Bank has been the topic of 147 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, February 25 by Bankhaus Lampe. The rating was maintained by Citigroup on Wednesday, September 28 with “Neutral”. HSBC maintained Deutsche Bank AG (ETR:DBK) rating on Wednesday, June 29. HSBC has “Hold” rating and €14 price target. On Saturday, September 17 the stock rating was maintained by DZ BANK with “Hold”. Independent Research maintained the shares of DBK in a report on Monday, July 27 with “Neutral” rating. The firm earned “Neutral” rating on Saturday, January 30 by Equinet. Societe Generale downgraded it to “Sell” rating and €20 target price in Friday, January 22 report. As per Thursday, October 22, the company rating was maintained by Commerzbank. Bankhaus Lampe upgraded Deutsche Bank AG (ETR:DBK) rating on Wednesday, March 9. Bankhaus Lampe has “Buy” rating and €25 price target. Credit Suisse maintained it with “Neutral” rating and €28 target price in Tuesday, October 13 report.
About 2.16 million shares traded hands. Deutsche Bank AG (ETR:DBK) has declined 1.61% since April 18, 2016 and is downtrending. It has underperformed by 7.02% the S&P500.
Deutsche Bank AG is a global investment bank. The company has a market cap of 20.21 billion EUR. The Bank is engaged in providing commercial and investment banking, retail banking, transaction banking and asset and wealth management services and products to firms, governments, institutional investors, small and medium-sized businesses, and private individuals. It currently has negative earnings. It operates through four business divisions: Global Markets ; Corporate & Investment Banking (CIB); Deutsche Asset Management; Private, Wealth & Commercial Clients (PW&CC).
More notable recent Deutsche Bank AG (ETR:DBK) news were published by: Wsj.com which released: “House Democrats Warn of Trump’s Potential Conflicts Over Deutsche Bank” on November 23, 2016, also Bloomberg.com with their article: “It’s Not Just Deutsche Bank; German Banking Gloom in Charts” published on November 13, 2016, Bloomberg.com published: “Deutsche Bank Posts Surprise Profit on Trading Jump, Cost Drop” on October 27, 2016. More interesting news about Deutsche Bank AG (ETR:DBK) were released by: Cnbc.com and their article: “Deutsche Bank to cancel bonuses for former executives: Report” published on November 17, 2016 as well as Bloomberg.com‘s news article titled: “Deutsche Bank’s Achleitner Said to Have Backing for Second Term” with publication date: November 20, 2016.
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By Linda Rogers