Berenberg Bank Sticks to Its Hold Rating for Deutsche Bank AG (DB)

Berenberg Bank analyst Eoin Mullany maintained a Hold rating on Deutsche Bank AG (DBResearch Report) today and set a price target of EUR11.00. The company’s shares closed yesterday at $12.85.

According to TipRanks, Mullany is a 3-star analyst with an average return of 1.6% and a 54.95% success rate. Mullany covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UniCredit SpA, and UBS Group AG.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deutsche Bank AG with a $15.17 average price target, a 18.05% upside from current levels. In a report released on January 13, Barclays also maintained a Hold rating on the stock with a EUR12.50 price target.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.82 billion and a net profit of $1.21 billion. In comparison, last year the company earned a revenue of $6.05 billion and had a net profit of $306 million

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Founded in 1870, Germany-based Deutsche Bank AG provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through the following divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management.

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