RBC Capital Reaffirms Their Sell Rating on Deutsche Bank AG (DB)


RBC Capital analyst Anke Reingen maintained a Sell rating on Deutsche Bank AG (DB) yesterday and set a price target of $7.50. The company’s shares opened today at $6.93, close to its 52-week low of $6.61.

Reingen has an average return of 26.3% when recommending Deutsche Bank AG.

According to TipRanks.com, Reingen is ranked #972 out of 5201 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.60, a 9.7% upside from current levels. In a report issued on June 11, UBS also maintained a Sell rating on the stock with a $5.70 price target.

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Deutsche Bank AG’s market cap is currently $14.09B and has a P/E ratio of 37.09. The company has a Price to Book ratio of 0.20.

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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.

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