In a report issued on January 17, Benoit Petrarque from Kepler Capital upgraded Deutsche Bank AG (DB – Research Report) to Hold, with a price target of EUR12.20. The company’s shares closed last Tuesday at $13.50.
According to TipRanks.com, Petrarque is a top 100 analyst with an average return of 33.8% and a 87.1% success rate. Petrarque covers the Financial sector, focusing on stocks such as SpareBank 1 Nord-Norge, Erste Group Bank AG, and Sparebanken Vest.
Deutsche Bank AG has an analyst consensus of Hold, with a price target consensus of $14.59, representing a 7.1% upside. In a report issued on January 7, BNP Paribas also upgraded the stock to Hold with a EUR12.20 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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