ABN AMRO Bank (OTCMKTS:AAVMY) Sets New 1-Year High – Still a Buy?
by Jessica Moore · The Cerbat GemABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $44.51 and last traded at $44.51, with a volume of 6777 shares. The stock had previously closed at $42.33.
Analyst Upgrades and Downgrades
AAVMY has been the subject of a number of research analyst reports. ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Friday, July 17th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of ABN AMRO Bank in a research note on Friday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy”.
Get Our Latest Report on ABN AMRO Bank
ABN AMRO Bank Trading Up 1.3%
The firm’s fifty day simple moving average is $41.88 and its 200 day simple moving average is $37.08. The company has a market cap of $37.13 billion and a price-to-earnings ratio of 15.29.
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.