In a report released yesterday, Carola Holtz from Kepler Capital downgraded Deutsche Bank AG (DB) to Sell, with a price target of EUR6.50. The company’s shares closed last Wednesday at $9.22.
According to TipRanks.com, Holtz is a 1-star analyst with an average return of -2.8% and a 50.3% success rate. Holtz covers the Consumer Goods sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Anheuser-Busch Inbev Sa, and PUMA SE NPV.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $7.74 average price target, representing a -13.8% downside. In a report issued on July 17, Credit Suisse also maintained a Sell rating on the stock with a EUR5.00 price target.
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The company has a one-year high of $11.16 and a one-year low of $4.99. Currently, Deutsche Bank AG has an average volume of 5.42M.
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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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