Deutsche Bank Appointed Successor Depositary for CSL Limited
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Depositary Appointment: Deutsche Bank has been appointed as the successor depositary bank for CSL Limited's American Depositary Receipt program, indicating its deeper involvement in the global biopharma sector and expected to enhance CSL's visibility in capital markets.
- Global Business Expansion: CSL Limited, a global biopharma company with over 29,000 employees, specializes in plasma-derived therapies and vaccines aimed at treating complex diseases, showcasing its robust position in the biopharmaceutical industry.
- Diverse Services: Deutsche Bank not only provides depositary receipt services but also offers a wide range of financial services to corporations, financial institutions, and hedge funds, strengthening its competitive edge in the global financial market.
- Compliance and Transparency: The registration of these depositary receipts complies with the US Securities Act of 1933, ensuring that investors have the necessary legal protections when engaging with CSL's investments, thereby enhancing market trust.
Analyst Views on DB
Wall Street analysts forecast DB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for DB is 41.98 USD with a low forecast of 35.44 USD and a high forecast of 46.63 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 39.400
Low
35.44
Averages
41.98
High
46.63
Current: 39.400
Low
35.44
Averages
41.98
High
46.63
About DB
Deutsche Bank Aktiengesellschaft is a bank and holding company for its subsidiaries. The Company offers a range of services such as investment, financial and related products and services to private individuals, corporate entities, and institutional clients. It operates through four business divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management. The Corporate Bank division serves corporate clients and financial institutions, offering cash management, trade finance, lending, foreign exchange, trust and agency services, correspondent banking, and securities services. The Investment Bank division includes Fixed Income & Currencies (FIC) Sales & Trading, Origination & Advisory, and Deutsche Bank Research. The Private Bank division focuses on personal and private clients, wealthy individuals, entrepreneurs and families. The Asset Management division operates under the brand DWS, and it serves a diverse client base of retail and institutional investors worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
