Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 52-Week High – Time to Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.13 and last traded at $18.11, with a volume of 1088122 shares traded. The stock had previously closed at $17.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 0.0 %

The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47. The stock has a market capitalization of $37.39 billion, a P/E ratio of 9.63 and a beta of 1.20. The business has a 50-day moving average price of $17.22 and a two-hundred day moving average price of $16.70.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently bought and sold shares of the company. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at approximately $26,000. SYSTM Wealth Solutions LLC bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth $43,000. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $135,000. Finally, Allworth Financial LP increased its stake in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% in the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after purchasing an additional 8,037 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.