Kepler Capital analyst Filippo Prini upgraded Deutsche Bank AG (DB – Research Report) to Buy on February 2 and set a price target of EUR15.50. The company’s shares closed last Thursday at $15.12, close to its 52-week high of $15.34.
According to TipRanks.com, Prini is a 4-star analyst with an average return of 17.4% and a 65.1% success rate. Prini covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Sparebanken Vest.
Currently, the analyst consensus on Deutsche Bank AG is a Moderate Buy with an average price target of $15.22, representing a 1.2% upside. In a report issued on January 20, J.P. Morgan also maintained a Buy rating on the stock with a EUR15.00 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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