Deutsche Bank AG (DB) : Analyst Rating Update

Deutsche Bank AG (DB) has an average broker rating of 3.67, which is interpreted as a Sell, as rated by 3 equity analysts. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Deutsche Bank AG (NYSE:DB): The stock opened at $12.77 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.99 for the day. The stock traded down to $12.50 during the day, due to lack of any buying support eventually closed down at $12.97 with a loss of -3.21% for the day. The stock had closed at $13.40 on the previous day. The total traded volume was 9,924,348 shares.

Also, Equity analysts at the Brokerage firm Barclays downgrades its rating on Deutsche Bank AG (NYSE:DB). The rating major has initiated the coverage with equal-weight rating on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on June 9, 2016. The company shares have dropped -54.61% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $35.38 and the one year low was seen on Jul 5, 2016. The 50-Day Moving Average price is $16.18 and the 200 Day Moving Average price is recorded at $18.09.

Deutsche Bank AG is a global investment bank, which offers a range of products and services in investment, corporate and retail banking, as well as in asset and wealth management. The Group operates through five corporate divisions: Corporate Banking & Securities (CB&S), Private & Business Clients (PBC), Global Transaction Banking (GTB), Deutsche Asset & Wealth Management (Deutsche AWM) and Non-Core Operations Unit (NCOU). CB&S consists of two business divisions, Corporate Finance and Markets, which offers a range of financial products. PBC consists of three business units, Private and Commercial Banking, Advisory Banking International and Postbank. GTB delivers commercial banking products and services to corporate clients and financial institutions. Deutsche AWM is an investment organization which offers investments across various asset classes to individuals and institutions. NCOU operates as a separate division alongside Deutsche Banks core businesses.

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