Deutsche Bank Aktiengesellschaft (NYSE:DB) is one of the best performers on the stock market today. At current price of $7.48, the shares have already added 0.35 points (4.91% higher) from its previous close of $7.13. Should you buy or avoid them? The stock sets an active trading volume day with a reported 2660849 contracts so far this session. DB shares had a relatively better volume day versus average trading capacity of 6.28 million shares, but with a 1.84 billion float and a -0.28% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for DB stock indicates that the average analyst price target is $5.74 per share. This means the stock has a potential decrease of -23.26% from where the DB share price has been trading recently which is between $7.04 and $7.17. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $4.38. Flipping the other side of the coin, an analyst who is fully bullish set a price target as high as $8.98.
During the recent trading session for Deutsche Bank Aktiengesellschaft (NYSE:DB), the company witnessed their stock rise $0.3 over a week and tumble down $-0.96 from the price 20 days ago. When compared to their established 52-week high of $11.43, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/17/18. The recent low of $6.44 stood for a -34.56% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.57 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. At the moment, the median target price for DB is set at $6.9, a figure which is below the recent 1-year high the stock witnessed.
Looking at the current readings for Deutsche Bank Aktiengesellschaft, the two-week RSI stands at 53.35. This figure suggests that DB stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current DB readings is similarly very revealing as it has a stochastic reading of 34.21% at this stage. This figure means that DB share price today is being neutral.
Technical chart claims that Deutsche Bank Aktiengesellschaft (DB) would settle between $7.19/share to $7.24/share level. However, if the stock price goes below the $7.06 mark, then the market for Deutsche Bank Aktiengesellschaft becomes much weaker. If that happens, the stock price might even plunge as low as $6.98 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.04. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at UBS raised their recommendation on shares of DB from Sell to Neutral in their opinion released on July 12. UBS analysts have lowered their rating of Deutsche Bank Aktiengesellschaft (NYSE:DB) stock from Neutral to Sell in a separate flash note issued to investors on May 20. Analysts at BofA/Merrill lowered the stock to a Underperform call from its previous Neutral recommendation, in a research note that dated back to August 13.
Moving on, DB stock price is currently trading at 16.13X forward 12-month Consensus EPS estimates, and its P/E ratio is 0 while for the average stock in the same group, the multiple is 46.8. Deutsche Bank Aktiengesellschaft current P/B ratio of 0.2 means it is trading at a discount against its industry’s 0.4.