Kepler Capital analyst Christoffer Adams downgraded Deutsche Bank AG (DB) to Sell on November 18 and set a price target of EUR7.00. The company’s shares closed last Thursday at $10.75, close to its 52-week high of $11.16.
According to TipRanks.com, Adams is a 1-star analyst with an average return of -0.1% and a 53.5% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Helgeland Sparebank.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $8.65 average price target, a -18.5% downside from current levels. In a report issued on November 6, Merrill Lynch also maintained a Sell rating on the stock with a EUR6.80 price target.
See today’s analyst top recommended stocks >>
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 4.27M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
