Is Deutsche Bank AG [DB] a good investment? Don’t be fooled by its recent momentum

In yesterday’s Wall Street session, Deutsche Bank AG (NYSE:DB) shares traded at $11.34, up 2.53% from the previous session.

19 analysts cover Deutsche Bank AG (NYSE:DB), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.60 and a low of $10.33, we find $14.26. Given the previous closing price of $11.06, this indicates a potential upside of 28.93 percent. DB stock price is now 6.19% away from the 50-day moving average and 3.34% away from the 200-day moving average. The market capitalization of the company currently stands at $22.79B.

The stock has received a hold rating from 9 analysts and a buy rating from 7. Brokers who have rated the stock have averaged $14.46 as their price target over the next twelve months.

A total of 5.60% of the company’s stock is owned by insiders.

On Thursday morning Deutsche Bank AG (NYSE: DB) stock kicked off with the opening price of $11.21. During the past 12 months, Deutsche Bank AG has had a low of $8.85 and a high of $13.57. The fifty day moving average price for DB is $10.69 and a two-hundred day moving average price translates $10.97 for the stock.

The latest earnings results from Deutsche Bank AG (NYSE: DB) was released for Sep, 2023. The net profit margin was 8.92% and return on equity was 8.15% for DB. For the current quarter, analysts expect DB to generate $7.65B in revenue.

Deutsche Bank AG(DB) Company Profile

Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions. The company’s Investment Bank segment offers debt origination, merger and acquisitions, and equity advisory services. Its Private Bank segment provides payment and account services, and credit and deposit products, as well as investment advice products, such as environmental, social, and governance products. This segment also provides banking, wealth management services, postal and parcel services; and offers support in planning, managing and investing wealth, financing personal and business interests, and servicing institutional and corporate needs. The company’s Asset Management segment provides investment solutions, such as alternative investments, which include real estate, infrastructure, private equity, liquid real assets, and sustainable investments; and various other services, including insurance and pension solutions, asset liability management, portfolio management solutions, and asset allocation advisory to individuals and institutions. Deutsche Bank Aktiengesellschaft was founded in 1870 and is based in Frankfurt am Main, Germany.

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