Deutsche Bank AG (DB) Gets a Sell Rating from UBS


UBS analyst Daniele Brupbacher maintained a Sell rating on Deutsche Bank AG (DB) today and set a price target of $5.70. The company’s shares opened today at $7.17, close to its 52-week low of $6.61.

According to TipRanks.com, Brupbacher is ranked #4581 out of 5208 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.62, implying a 6.3% upside from current levels. In a report issued on June 17, RBC Capital also maintained a Sell rating on the stock with a $7.50 price target.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $202 million. In comparison, last year the company had a net profit of $147 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.

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