Technical Outlook And Game Plan For Deutsche Bank AG (NYSE: DB)

Deutsche Bank AG (DB) concluded trading on 12/07/23 at a closing price of $12.53, with 2.19 million shares of worth about $27.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.32% during that period and on Thursday the price saw a gain of about 0.64%. Currently the company’s common shares owned by public are about 2.04B shares, out of which, 1.90B shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the DB stock and their offered price forecasts bring an average price target of $14.49. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $20.19 and could fall to a lowest price of $10.33. The stock’s current price level is 13.53% above of average price target set by the analysts, while a rise to estimated low would result in loss of -21.3% for the stock. However, touching the estimated high of $20.19 would mean a gain of 37.94% for the stock.

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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 269,757 shares in 12 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

Government Pension Fund – Global, Vanguard Total International Stoc, and Vanguard Developed Markets Index are the top 3 mutual funds which are holding stakes in Deutsche Bank AG Government Pension Fund – Global is currently holding 44.06 million shares of worth totaling $485.15 million. The company recently came selling -4.42 million shares which brought its stake up to 2.16% of the company’s outstanding shares. Vanguard Total International Stoc bought 0.19 million shares, after which its hold over company’s outstanding shares expand to 1.34%, leaving 27.36 million shares with the mutual fund that have a worth of about $301.21 million. Vanguard Developed Markets Index, after buying 16.21 million shares, have now control over 0.80% of the stake in the company. It holds 42210.0 shares of worth $178.49 million.

Deutsche Bank AG (NYSE: DB) started trading at $12.40, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 12.54, or with a gain of 0.64%. Stock saw a price change of 0.64% in past 5 days and over the past one month there was a price change of 11.38%. Year-to-date (YTD), DB shares are showing a performance of 8.77% which increased to 19.79% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.85 but also hit the highest price of $13.57 during that period. The average intraday trading volume for Deutsche Bank AG shares is 2.52 million. The stock is currently trading 4.23% above its 20-day simple moving average (SMA20), while that difference is up 11.35% for SMA50 and it goes to 15.24% higher than SMA200.

Deutsche Bank AG (NYSE: DB) currently have 2.04B outstanding shares and institutions hold larger chunk of about 27.70% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $25.18B and its 3Y-monthly beta is at 1.29. PE ratio of stock for trailing 12 months is 5.09, while it has posted earnings per share of $2.46 in the same period. Its PEG reads 3.80 while making debt-to-equity ratio of 2.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DB, volatility over the week remained 1.30% while standing at 1.11% over the month.

Analysts are in expectations that Deutsche Bank AG (DB) stock would likely to be making an EPS of $0.37 in the current quarter, while forecast for next quarter EPS is $0 and it is $2.46 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.37 which is $0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.84 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.37% while it is estimated to increase by 8.37% in next year.

Analysts at 19 brokerage firms have issued recommendations for the Deutsche Bank AG (DB)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.42. Out of those 19 Wall Street analysts, 7 recommended a “Buy” rating, while 10 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

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