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

Deutsche Bank Aktiengesellschaft (NYSE:DB) reached a new 52-week high on Tuesday . The company traded as high as $20.08 and last traded at $20.15, with a volume of 145172 shares. The stock had previously closed at $20.05.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

The stock has a 50-day simple moving average of $17.64 and a 200-day simple moving average of $16.86. The company has a market capitalization of $39.95 billion, a price-to-earnings ratio of 10.28 and a beta of 1.20. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.47.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $43,000. Allworth Financial LP raised its position in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% during the 3rd quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 8,037 shares in the last quarter. Legacy Capital Group California Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $195,000. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $197,000. 27.90% of the stock is 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.