Deutsche Bank AG (DB) Receives a Hold from J.P. Morgan

By Carrie Williams

In a report released today, Kian Abouhossein from J.P. Morgan maintained a Hold rating on Deutsche Bank AG (DBResearch Report), with a price target of $6.25. The company’s shares opened today at $7.92.

According to TipRanks.com, Abouhossein is ranked #1157 out of 5247 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.47, 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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Deutsche Bank AG’s market cap is currently $16.42B and has a P/E ratio of 43.07. The company has a Price to Book ratio of 0.23.

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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.