Credit Suisse Maintains Their Sell Rating on Deutsche Bank AG (DB)

In a report released today, Jon Peace from Credit Suisse maintained a Sell rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR5.00. The company’s shares closed last Wednesday at $6.54.

Peace said:

“ZuRICH (dpa-AFX Analyser) – Die Schweizer Bank Credit Suisse hat das Kursziel fur Deutsche Bank von 6 auf 5 Euro gesenkt und die Einstufung auf “Underperform” belassen. Trotz der niedrigen Bewertung sei Skepsis angebracht, schrieb Analyst Jon Peace in einer am Donnerstag vorliegenden Studie. Weitere zwei Jahre mit Verlusten durften die Kapitalbasis der Bank aufzehren./mf/bek

Veroffentlichung der Original-Studie: 09.04.2020 / 03:15 / UTC
Erstmalige Weitergabe der Original-Studie: Datum in Studie nicht angegeben / Uhrzeit in Studie nicht angegeben / Zeitzone in Studie nicht angegeben

Hinweis: Informationen zur Offenlegungspflicht bei Interessenkonflikten im Sinne von § 85 Abs. 1 WpHG, Art. 20 VO (EU) 596/2014 fur das genannte Analysten-Haus finden Sie unter http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.”

According to TipRanks.com, Peace is ranked #3349 out of 6295 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Sell with an average price target of $5.68, implying a -13.8% downside from current levels. In a report issued on March 25, Independent Research also maintained a Sell rating on the stock with a EUR5.60 price target.

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The company has a one-year high of $11.16 and a one-year low of $4.99. Currently, Deutsche Bank AG has an average volume of 8.57M.

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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. The PCB segment consists of the Postbank; Private & Commercial Clients Germany; Private & Commercial Clients International; and Wealth Management business units. The Deutsche AM offers investment management services. The company was founded by Adelbert Delbrueck on March 10, 1870 and is headquartered in Frankfurt am Main, Germany.