ABN AMRO Bank (OTCMKTS:AAVMY) Hits New 52-Week High – Time to Buy?
by Teresa Graham · The Cerbat GemABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $38.64 and last traded at $38.64, with a volume of 920 shares changing hands. The stock had previously closed at $37.24.
Analyst Ratings Changes
Several equities research analysts recently commented on AAVMY shares. Jefferies Financial Group started coverage on ABN AMRO Bank in a research note on Tuesday, January 27th. They issued a “buy” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research note on Monday. Zacks Research raised ABN AMRO Bank to a “hold” rating in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
View Our Latest Analysis on ABN AMRO Bank
ABN AMRO Bank Trading Up 2.6%
The business has a 50-day simple moving average of $33.81 and a 200-day simple moving average of $34.03.
About ABN AMRO Bank
ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.
The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.