Kepler Capital analyst Arnaud Girod maintained a Sell rating on Deutsche Bank AG (DB) on October 6 and set a price target of EUR7.00. The company’s shares closed last Wednesday at $9.23.
Girod has an average return of 16.8% when recommending Deutsche Bank AG.
According to TipRanks.com, Girod is ranked #6538 out of 6976 analysts.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $7.98 average price target, which is a -13.1% downside from current levels. In a report issued on September 28, RBC Capital also maintained a Sell rating on the stock with a EUR7.00 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.
