Barclays Reaffirms Their Sell Rating on Deutsche Bank AG (DB)

By Austin Angelo

Barclays analyst Amit Goel maintained a Sell rating on Deutsche Bank AG (DBResearch Report) today and set a price target of $5. The company’s shares opened today at $7.88.

Goel has an average return of 10.5% when recommending Deutsche Bank AG.

According to TipRanks.com, Goel is ranked #1659 out of 5246 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.68, which is a -2.5% downside from current levels. In a report issued on July 5, RBC Capital also maintained a Sell rating on the stock with a $7.50 price target.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $202 million. In comparison, last year the company had a net profit of $430 million.

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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.