Deutsche Bank Sees Unusually High Options Volume (DB)
Posted by Ethan Ryder on Jan 7th, 2015
Deutsche Bank (NYSE:DB) was the target of some unusual options trading on Wednesday. Stock traders acquired 10,630 call options on the company, Analyst Ratings News reports. This represents an increase of approximately 543% compared to the average daily volume of 1,654 call options.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a research note on Friday, December 26th. They now have a $32.50 price target on the stock. Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Deutsche Bank from a “market perform” rating to an “underperform” rating in a research note on Monday, December 8th. Finally, analysts at RBC Capital cut their price target on shares of Deutsche Bank from $33.00 to $30.00 in a research note on Monday, December 1st. They now have a “sector perform” rating on the stock. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.83.
Shares of Deutsche Bank (NYSE:DB) traded up 1.06% on Wednesday, hitting $28.66. 2,689,385 shares of the company’s stock traded hands. Deutsche Bank has a 52 week low of $28.30 and a 52 week high of $51.9943. The stock has a 50-day moving average of $31.1 and a 200-day moving average of $33.11. The company’s market cap is $39.516 billion.
Deutsche Bank AG is a global investment bank. The Company offers a variety of investment, financial and related products and services to private individuals, corporate entities and institutional clients around the world.
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