Kepler Capital analyst Benoit Petrarque upgraded Deutsche Bank AG (DB – Research Report) to Buy on February 11 and set a price target of EUR15.50. The company’s shares closed last Friday at $15.70, close to its 52-week high of $16.70.
According to TipRanks.com, Petrarque is a top 100 analyst with an average return of 29.1% and a 81.8% success rate. Petrarque covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Banca Mediolanum SpA, and Erste Group Bank.
Deutsche Bank AG has an analyst consensus of Moderate Buy, with a price target consensus of $15.40, representing a -4.6% downside. In a report issued on January 27, J.P. Morgan also maintained a Buy rating on the stock with a EUR16.00 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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