DZ BANK AG Maintains Their Hold Rating on Deutsche Bank AG (DB)

By Ryan Adsit

DZ BANK AG analyst Christian Koch maintained a Hold rating on Deutsche Bank AG (DBResearch Report) today. The company’s shares opened today at $8.19, close to its 52-week low of $7.62.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $8.11, which is a -1.0% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a $7 price target.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $486 million. In comparison, last year the company had a net profit of $147 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.