Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.58 and traded as high as $17.25. Deutsche Bank Aktiengesellschaft shares last traded at $17.16, with a volume of 1,525,744 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft Trading Up 0.6 %

The stock has a market cap of $35.47 billion, a P/E ratio of 8.80 and a beta of 1.21. The firm’s 50 day simple moving average is $17.11 and its two-hundred day simple moving average is $16.58. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.47.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently made changes to their positions in the stock. Rothschild Investment LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth about $29,000. SYSTM Wealth Solutions LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth about $31,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $43,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $135,000. Finally, Allworth Financial LP grew its holdings in Deutsche Bank Aktiengesellschaft by 3,738.1% in the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock worth $143,000 after buying an additional 8,037 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

About Deutsche Bank Aktiengesellschaft

(Get Free Report)

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Further Reading

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