Recent extremely significant positive changes in fundamentals have benefitted Deutsche Bank AG (NYSE: DB): the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Deutsche Bank AG (NYSE: DB) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, DB is expected to continue to be a Value Builder.
Deutsche Bank has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Deutsche Bank has a good Power Rating of 80 and a very high Appreciation Score of 98, triggering the Highest Value Trend Rating.
Recent Price Action
Deutsche Bank AG (NYSE: DB) stock closed at $13.61 on 1/2/24 after a modest gain of 0.4%. However, trading volume in this advance was below average at 82% of normal. The stock has risen 0.7% during the last week and has been exceptionally strong relative to the market over the last nine months.
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