Deutsche Bank (FRA:DBK) Given a €6.00 Price Target at Morgan Stanley

Deutsche Bank (FRA:DBK) has been assigned a €6.00 ($6.98) price target by Morgan Stanley in a note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Morgan Stanley’s price objective points to a potential downside of 19.28% from the stock’s previous close.

DBK has been the subject of a number of other reports. JPMorgan Chase & Co. set a €6.00 ($6.98) price target on shares of Deutsche Bank and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Nord/LB set a €7.10 ($8.26) price target on shares of Deutsche Bank and gave the company a “neutral” rating in a research report on Friday. Bank of America set a €5.10 ($5.93) price target on shares of Deutsche Bank and gave the company a “sell” rating in a research report on Monday, October 21st. Royal Bank of Canada set a €7.00 ($8.14) price target on shares of Deutsche Bank and gave the company a “sell” rating in a research report on Wednesday, January 8th. Finally, HSBC set a €6.30 ($7.33) price target on shares of Deutsche Bank and gave the company a “neutral” rating in a research report on Wednesday, September 25th. Seven equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of €6.32 ($7.35).

Shares of DBK stock traded down €0.16 ($0.19) during midday trading on Monday, reaching €7.43 ($8.64). 6,680,629 shares of the company traded hands. The firm’s 50 day simple moving average is €7.00 and its two-hundred day simple moving average is €6.87. Deutsche Bank has a 1-year low of €12.36 ($14.37) and a 1-year high of €18.49 ($21.50).

Deutsche Bank Company Profile

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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