In a report issued on March 11, Eoin Mullany from Berenberg Bank upgraded Deutsche Bank AG (DB – Research Report) to Hold, with a price target of EUR11.00. The company’s shares closed last Friday at $10.25, close to its 52-week low of $9.46.
According to TipRanks.com, Mullany is a 1-star analyst with an average return of -1.9% and a 48.0% success rate. Mullany covers the Financial sector, focusing on stocks such as Intercontinental Exchange, Goldman Sachs Group, and Morgan Stanley.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Deutsche Bank AG with a $14.36 average price target, implying a 34.0% upside from current levels. In a report issued on March 11, Citigroup also upgraded the stock to Hold with a EUR11.00 price target.
Based on Deutsche Bank AG’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6.05 billion and net profit of $306 million. In comparison, last year the company earned revenue of $5.92 billion and had a net profit of $278 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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