Deutsche Bank AG (DB) Gets a Hold Rating from Independent Research

By Carrie Williams

In a report released today, Markus Riesselman from Independent Research maintained a Hold rating on Deutsche Bank AG (DBResearch Report), with a price target of $7.25. The company’s shares opened today at $7.92.

Riesselman has an average return of 24.9% when recommending Deutsche Bank AG.

According to TipRanks.com, Riesselman is ranked #1811 out of 5247 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $7.47 average price target, a -5.7% downside from current levels. In a report issued on July 12, UBS also upgraded the stock to Hold.

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The company has a one-year high of $13.17 and a one-year low of $6.61. Currently, Deutsche Bank AG has an average volume of 5.34M.

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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.