Deutsche Bank Shares Moving Closer to 12-Month Target: ChartBy
While a rebound in Deutsche Bank AG shares has helped pare annual losses to about 44 percent, the stock has also almost reached the average price analysts forecast over a 12-month period, according to data compiled by Bloomberg. By comparison, Credit Suisse Group AG’s shares are still trading below the price target, indicating there’s room for improvement. Thirty-five percent of analysts submitting recommendations on the German lender to Bloomberg say investors should sell the stock, the biggest proportion since 2009.
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