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MarketScreener Homepage  >  Equities  >  Xetra  >  Deutsche Bank    DBK   DE0005140008

DEUTSCHE BANK

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Deutsche Bank : Turkeys Lira the Cheapest Currency in the World

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01/12/2019 | 08:29am EDT

The Turkish lira is the worlds cheapest currency, Deutsche Bank strategist George Saravelos said, according to Dnya newspaper.

Saravelos pointed out that the lira was even less expensive after losing 3 percent of its value so far this year, Dnya said.

The lira lost 28 percent against the dollar in 2018 as a currency crisis ripped through the countrys financial markets, causing the economy to contract by 1.1 percent on a quarterly basis in the three months to September. It fell 1.3 percent to 5.48 per dollar at 7:03 p.m. in Istanbul.

The Chinese yuan is the worlds most expensive currency after it reached a six-month high against the dollar on Friday, Saravelos said.

(c) 2019 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (€)
Sales 2019 24 958 M
EBIT 2019 2 518 M
Net income 2019 1 123 M
Debt 2019 -
Yield 2019 2,26%
P/E ratio 2019 15,87
P/E ratio 2020 9,65
Capi. / Sales 2019 0,66x
Capi. / Sales 2020 0,65x
Capitalization 16 580 M
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Mean consensus UNDERPERFORM
Number of Analysts 24
Average target price 7,55 €
Spread / Average Target -5,9%
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Managers
NameTitle
Christian Sewing Chief Executive Officer
Karl von Rohr Co-President & Chief Administrative Officer
Garth Ritchie Co-President & Co-Head-Corporate & Investment Bank
Paul Achleitner Chairman-Supervisory Board
Frank Kuhnke Chief Operating Officer & Member-Management Board
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