Brokerages Set ABN AMRO Bank (OTCMKTS:AAVMY) Price Target at $12.46

ABN AMRO Bank (OTCMKTS:AAVMYGet Rating) has been assigned an average recommendation of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $12.46.

AAVMY has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on ABN AMRO Bank from €15.00 ($15.79) to €14.00 ($14.74) and set an “equal weight” rating for the company in a report on Thursday, March 24th. AlphaValue cut shares of ABN AMRO Bank to a “reduce” rating in a research report on Wednesday, March 23rd. JPMorgan Chase & Co. cut their price objective on shares of ABN AMRO Bank from €13.60 ($14.32) to €11.20 ($11.79) and set an “underweight” rating on the stock in a research report on Monday, March 14th. Berenberg Bank cut shares of ABN AMRO Bank from a “hold” rating to a “sell” rating and cut their price objective for the stock from €12.30 ($12.95) to €10.00 ($10.53) in a research report on Monday, February 28th. Finally, HSBC raised shares of ABN AMRO Bank from a “hold” rating to a “buy” rating and cut their price objective for the stock from €15.00 ($15.79) to €14.00 ($14.74) in a research report on Wednesday, March 16th.

Shares of ABN AMRO Bank stock opened at $12.02 on Wednesday. The business has a 50-day moving average price of $12.49 and a two-hundred day moving average price of $14.02. ABN AMRO Bank has a 1-year low of $10.23 and a 1-year high of $17.52.

About ABN AMRO Bank (Get Rating)

ABN AMRO Bank N.V. provides various banking products and services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Banking. The company provides savings and deposits products; labelled residential mortgage products under the Florius brands; and consumer loans under the Alpha Credit Nederland, Credivance, Defam, Moneyou, and ABN AMRO brands.

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