Deutsche Bank AG (DB) Received its Third Sell in a Row

By Jason Carr

After UBS and Barclays gave Deutsche Bank AG (NYSE: DB) a Sell rating last month, the company received another Sell, this time from Credit Suisse. Analyst Jon Peace maintained a Sell rating on Deutsche Bank AG today and set a price target of $6. The company’s shares opened today at $7.72.

According to TipRanks.com, Peace is ranked #2336 out of 5242 analysts.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Deutsche Bank AG with a $7.71 average price target, which is a -0.1% 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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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 5.39M.

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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.