Goldman Sachs Thinks Deutsche Bank AG’s Stock is Going to Recover

In a report released today, Chris Hallam from Goldman Sachs maintained a Buy rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR20.10. The company’s shares closed last Thursday at $8.61, close to its 52-week low of $7.54.

According to TipRanks.com, Hallam is ranked #1323 out of 7966 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Buy with an average price target of $13.41, a 58.0% upside from current levels. In a report issued on July 18, DZ BANK AG also maintained a Buy rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on DB:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More