According to The Fly, credit Suisse analyst Jon Peace maintained a Hold rating on Deutsche Bank AG (NYSE: DB) yesterday. The company’s shares closed yesterday at $11.26, close to its 52-week low of $10.36.
According to TipRanks.com, Peace is ranked #4473 out of 4893 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $9 average price target.
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Based on Deutsche Bank AG’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $430 million. In comparison, last year the company had a net profit of $760 million.
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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate & Investment Bank (CIB); Private & Commercial Bank (PCB); and Deutsche Asset Management (Deutsche AM). The CIB segment refers to the corporate finance and global transaction banking businesses.
