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Warburg Research Maintains a Buy Rating on Deutsche Bank AG (DB)

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In a report released today, Andreas Plaesier from Warburg Research maintained a Buy rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR13.90. The company’s shares closed last Thursday at $10.74.

According to TipRanks.com, Plaesier is ranked #2751 out of 7793 analysts.

Deutsche Bank AG has an analyst consensus of Moderate Buy, with a price target consensus of $14.76, which is a 36.5% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a EUR16.00 price target.

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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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