Deutsche Bank AG (DB) received a Hold rating and a EUR4.00 price target from Kepler Capital analyst Christoffer Adams yesterday. The company’s shares closed last Thursday at $6.66.
According to TipRanks.com, Adams is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -13.7% and a 31.1% success rate. Adams covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Erste Group Bank AG, and Helgeland Sparebank.
Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $6.12, which is a -3.9% downside from current levels. In a report issued on April 29, J.P. Morgan also maintained a Hold rating on the stock with a EUR6.30 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 revenue of $6.2 billion and GAAP net loss of $27 million. In comparison, last year the company earned revenue of $6.32 billion and had a net profit of $178 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. 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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