J.P. Morgan analyst Kian Abouhossein maintained a Buy rating on Deutsche Bank AG (DB – Research Report) today and set a price target of €17.70. The company’s shares closed last Friday at $17.77.
Abouhossein covers the Financial sector, focusing on stocks such as Deutsche Bank AG, UBS Group AG, and Goldman Sachs Group. According to TipRanks, Abouhossein has an average return of 18.3% and a 66.80% success rate on recommended stocks.
In addition to J.P. Morgan, Deutsche Bank AG also received a Buy from RBC Capital’s Anke Reingen in a report issued yesterday. However, on April 25, Bank of America Securities maintained a Sell rating on Deutsche Bank AG (NYSE: DB).
DB market cap is currently $35.26B and has a P/E ratio of 7.42.
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Deutsche Bank AG (DB) Company Description:
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.
Read More on DB:
- Deutsche Bank Files Monthly SEC Report
- Deutsche Bank sees Q2 legal provision of about EUR 1.3B
- Deutsche Bank price target raised to EUR 18.20 from EUR 15.20 at JPMorgan
- Deutsche Bank: Provisions for credit losses to remain at high end of guidance
- Deutsche Bank makes progress toward EUR 25B-EUR 30B in optimizations by 2025
