Taking into account all relevant factors, Deutsche Bank Aktiengesellschaft (NYSE:DB) scores 96% Sell on the technical side. The share price is also flashing a Sell from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for DB averaged 100% Sell with an average daily trading volume over the past 20 days at 4066890 shares. Those using medium-term investment strategies, the shares have overall a 0.75% Sell signal while the 50-day average daily volume remained almost 4955596 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling100% Sell for long term investors.
The stock is lingering around the initial support level of $7.02. After this, the following support is at the zone of $6.98. Up until the time the DB stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 38.27 on the daily chart, and this may be a cause for comfort. In case the price goes below $6.98 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $7.09 level may cause a pull-back move approaching $7.12 mark.
Deutsche Bank Aktiengesellschaft (DB) is most likely going to rise -21.1 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $8.93-month high price target. This represents a whopping 26.49 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $6.68, which means a return possibility of -5.38 percent in comparison with the closing price of the stock of $7.06 on December 03. The lowest price set for the stock is $4.41 — just above -37.54 percent from DB share price now.
On December 03, 2019, Deutsche Bank Aktiengesellschaft (NYSE:DB) shares lost -1.81% or -0.13 points to close at $7.06 with a thin trading volume of 4.664 million shares. It opened the trading session at $7.065, the shares rose to $7.08 and dropped to $7.01, the range by which the price of stock traded the whole day. The company now has a market cap of $14.7 billion and currently has 2.09 billion outstanding shares. Deutsche Bank Aktiengesellschaft (DB) stock has plunged -4.47 percent of market value in 21 trading days.
Stock analysts at UBS upped their rating on shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from Sell to a new rating of Neutral in their opinion released on July 12. UBS analysts have downgraded their rating of DB shares from Neutral to Sell in a separate flash note to investors on May 20. Analysts at BofA/Merrill downgraded the company stock to a Underperform call from its previous Neutral stance, in a flash note that dated back to August 13.
DB stock’s trailing 3-year beta is 1.55, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$2.41 share in the trailing 52 weeks. The stock’s value fallen -13.37 percent year to date (YTD) compared to a decline of -22.93 percent in 52 week’s period. The firm’s shares are still trading -25.68 percent below its 1-year high of $9.50 and 9.63 percent up from 52-week low of $6.44. The average consensus ranking on the company is 0, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
The industry DB deals with has an average P/E of 11.3. Its P/B ratio is standing at 0.2X compared to the 1.3 industry average. It is additionally sporting a 0.6 on the Price-to-Sales ratio, compared to the industry’s P/S average of 2.5.
Past records have indicated that shares in Deutsche Bank Aktiengesellschaft declined on 10 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of DB’s Q4 earnings on January 30. Analysts are predicting revenue to suffer decline of -7.4 percent to $5.83B in the financial fourth quarter, while EPS will soar by about -100 percent to $0 per share. Revenue for the quarter was $6.39B. Earnings are seen to rise by 95.4 percent this year, 325 percent in the coming year and the trend continues by 13.47 percent every year in the next 5 years.