DB - Shares of Deutsche Bank AG (DB) Rise to a New 52-Week High
Shares of Deutsche Bank AG (NYSE:DB) traded today at $16.70, eclipsing its 52-week high. Approximately 1.9 million shares have changed hands today, as compared to an average 30-day volume of 4.7 million shares.
In July 2019, Deutsche Bank announced another restructuring plan hoping to revitalize revenue, reduce costs, and return to profitability. The largest moving pieces of the new plan is the full exit of global equity sales & trading, the scaling back of its fixed income business, as well as 18,000 FTE reductions until 2022. The remaining core business segments include private banking, corporate banking, asset management, and investment banking.
Over the past year, Deutsche Bank AG has traded in a range of $10.41 to $16.70 and is now at $16.61, 60% above that low.
Deutsche Bank AG (NYSE:DB) is currently priced 92.6% above its average consensus analyst price target of $1.22.
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