Barclays Sticks to Their Sell Rating for Deutsche Bank AG (DB)


Barclays analyst Amit Goel maintained a Sell rating on Deutsche Bank AG (DB) yesterday and set a price target of EUR5.00. The company’s shares closed last Friday at $9.25.

Goel has an average return of 1.5% when recommending Deutsche Bank AG.

According to TipRanks.com, Goel is ranked #2630 out of 7017 analysts.

Deutsche Bank AG has an analyst consensus of Moderate Sell, with a price target consensus of $8.08, representing a -11.2% downside. In a report issued on October 4, RBC Capital also maintained a Sell rating on the stock with a EUR7.50 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 revenue of $6.3 billion and net profit of $51 million. In comparison, last year the company earned revenue of $6.16 billion and had a GAAP net loss of $3.19 billion.

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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. The PCB segment consists of the Postbank; Private & Commercial Clients Germany; Private & Commercial Clients International; and Wealth Management business units. The Deutsche AM offers investment management services. The company was founded by Adelbert Delbrueck on March 10, 1870 and is headquartered in Frankfurt am Main, Germany.

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