Barclays Keeps a Sell Rating on Deutsche Bank AG (DB)

By Ryan Adsit

Barclays analyst Amit Goel maintained a Sell rating on Deutsche Bank AG (DBResearch Report) yesterday and set a price target of EUR4.50. The company’s shares closed last Thursday at $8.91.

Goel has an average return of 1.5% when recommending Deutsche Bank AG.

According to TipRanks.com, Goel is ranked #2544 out of 6831 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.84, which is a -9.7% downside from current levels. In a report released yesterday, Kepler Capital also downgraded the stock to Sell with a EUR6.50 price target.

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The company has a one-year high of $11.16 and a one-year low of $4.99. Currently, Deutsche Bank AG has an average volume of 5.42M.

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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate & Investment Bank (CIB); Private & Commercial Bank (PCB); and Deutsche Asset Management (Deutsche AM). The CIB segment refers to the corporate finance and global transaction banking businesses. The PCB segment consists of the Postbank; Private & Commercial Clients Germany; Private & Commercial Clients International; and Wealth Management business units. The Deutsche AM offers investment management services. The company was founded by Adelbert Delbrueck on March 10, 1870 and is headquartered in Frankfurt am Main, Germany.