Goldman Sachs Maintains Their Hold Rating on Deutsche Bank AG (DB)
Goldman Sachs analyst Jernej Omahen maintained a Hold rating on Deutsche Bank AG (DB) today and set a price target of $8.40. The company’s shares opened today at $7.59, close to its 52-week low of $6.61.
According to TipRanks.com, Omahen is ranked #1943 out of 5229 analysts.
Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.38.
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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 $430 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.