Deutsche Bank AG (DB) Receives a Buy from UBS

UBS analyst Daniele Brupbacher maintained a Buy rating on Deutsche Bank AG (DBResearch Report) yesterday and set a price target of EUR15.30. The company’s shares closed last Wednesday at $11.92.

According to TipRanks.com, Brupbacher is ranked #7263 out of 7929 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deutsche Bank AG with a $14.77 average price target, which is a 27.5% upside from current levels. In a report issued on March 30, Goldman Sachs also initiated coverage with a Buy rating on the stock with a EUR18.70 price target.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.86 billion and net profit of $263 million. In comparison, last year the company earned revenue of $5.42 billion and had a net profit of $147 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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