Goldman Sachs Sticks to Their Hold Rating for Deutsche Bank AG (DB)

By Jason Carr

Goldman Sachs analyst Jernej Omahen maintained a Hold rating on Deutsche Bank AG (DBResearch Report) today and set a price target of $8.40. The company’s shares opened today at $7.54, close to its 52-week low of $6.61.

According to TipRanks.com, Omahen is ranked #1952 out of 5237 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $7.58, which is a 0.5% upside from current levels. In a report issued on July 3, Independent Research also maintained a Hold rating on the stock with a $7.25 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 4.95M.

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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.