Deutsche Bank AG (DB) Gets a Hold Rating from Berenberg Bank

In a report released yesterday, Eoin Mullany from Berenberg Bank maintained a Hold rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR11.00. The company’s shares closed last Monday at $8.63, close to its 52-week low of $7.54.

According to TipRanks.com, Mullany is a 1-star analyst with an average return of -2.4% and a 46.8% success rate. Mullany covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Goldman Sachs Group, and Morgan Stanley.

Deutsche Bank AG has an analyst consensus of Moderate Buy, with a price target consensus of $13.39, which is a 54.1% upside from current levels. In a report issued on July 22, Barclays also maintained a Hold rating on the stock with a EUR11.00 price target.

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Deutsche Bank AG’s market cap is currently $17.82B and has a P/E ratio of 5.79.

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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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