Credit Suisse Group Reiterates “€6.00” Price Target for Deutsche Bank (FRA:DBK)

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Deutsche Bank (FRA:DBK) has been assigned a €6.00 ($6.98) target price by investment analysts at Credit Suisse Group in a research report issued to clients and investors on Tuesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. Credit Suisse Group’s target price suggests a potential downside of 8.97% from the company’s current price.

A number of other equities analysts also recently issued reports on DBK. Berenberg Bank set a €6.00 ($6.98) price target on Deutsche Bank and gave the stock a “sell” rating in a research report on Monday. Nord/LB set a €45.00 ($52.33) price target on Draegerwerk AG & Co KGaA and gave the stock a “neutral” rating in a research report on Friday, April 26th. Barclays increased their price target on from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the stock an “equal weight” rating in a research report on Friday, June 21st. UBS Group reiterated a “hold” rating and set a $145.00 price target on shares of Baidu in a research report on Friday, July 5th. Finally, Bank of America reiterated a “sell” rating on shares of Deutsche Bank in a research report on Monday. Nine investment analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. Deutsche Bank currently has an average rating of “Hold” and an average price target of €7.25 ($8.43).

DBK stock traded up €0.06 ($0.07) during mid-day trading on Tuesday, reaching €6.59 ($7.66). 13,666,399 shares of the company’s stock were exchanged. The firm has a 50 day moving average of €6.39. Deutsche Bank has a 12-month low of €12.36 ($14.37) and a 12-month high of €18.49 ($21.50).

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Asset Management.

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