Warburg Research Reaffirms Their Buy Rating on Deutsche Bank AG (DB)

Warburg Research analyst Andreas Plaesier maintained a Buy rating on Deutsche Bank AG (DBResearch Report) today and set a price target of EUR16.80. The company’s shares closed yesterday at $13.49.

According to TipRanks, Plaesier is a 4-star analyst with an average return of 6.8% and a 57.73% success rate.

In addition to Warburg Research, Deutsche Bank AG also received a Buy from J.P. Morgan’s Kian Abouhossein in a report issued today. However, on January 20, Citigroup maintained a Hold rating on Deutsche Bank AG (NYSE: DB).

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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 $6.82 billion and a net profit of $1.21 billion. In comparison, last year the company earned a revenue of $6.05 billion and had a net profit of $306 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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