Deutsche Bank AG (DB) stock poised to deliver a potential drop of -10.53%

Deutsche Bank AG [DB] stock prices are up 0.12% to $16.62 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The DB shares have gain 6.06% over the last week, with a monthly amount glided 5.93%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Deutsche Bank AG [NYSE: DB] stock has seen the most recent analyst activity on September 03, 2024, when Barclays upgraded its rating to a Overweight. Previously, Morgan Stanley upgraded its rating to Overweight on March 27, 2024. On January 31, 2024, downgrade downgraded it’s rating to Neutral. Societe Generale downgraded its rating to a Hold. Citigroup upgraded its rating to Buy for this stock on May 04, 2023. In a note dated February 13, 2023, BofA Securities downgraded an Underperform rating on this stock.

The stock price of Deutsche Bank AG [DB] has been fluctuating between $10.00 and $17.95 over the past year. Currently, Wall Street analysts expect the stock to reach $14.87 within the next 12 months. Deutsche Bank AG [NYSE: DB] shares were valued at $16.62 at the most recent close of the market. An investor can expect a potential drop of -10.53% based on the average DB price forecast.

Analyzing the DB fundamentals

The Deutsche Bank AG [NYSE:DB] reported sales of 70.77B for trailing twelve months, representing a surge of 17.95%. Gross Profit Margin for this corporation currently stands at 0.96% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.06 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.49 points at the first support level, and at 16.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.81, and for the 2nd resistance point, it is at 16.99.

Ratios To Look Out For

It’s worth pointing out that Deutsche Bank AG [NYSE:DB]’s Current Ratio is 5.09. Considering the valuation of this stock, the price to sales ratio is 0.46, the price to book ratio is 0.47 and price to earnings (TTM) ratio is 9.20.

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