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Deutsche Bank AG (DB) Receives a Buy from Goldman Sachs

In a report issued on July 13, Chris Hallam from Goldman Sachs maintained a Buy rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR18.80. The company’s shares closed last Friday at $7.91, close to its 52-week low of $7.54.

According to TipRanks.com, Hallam is ranked #1237 out of 7914 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Buy with an average price target of $13.15, which is a 69.9% upside from current levels. In a report issued on July 4, Warburg Research also maintained a Buy rating on the stock with a EUR13.00 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 $7.29 billion and net profit of $1.19 billion. In comparison, last year the company earned revenue of $7.18 billion and had a net profit of $1 billion.

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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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