ABN AMRO Bank (OTCMKTS:AAVMY – Get Rating) was the target of a large increase in short interest in April. As of April 15th, there was short interest totalling 54,700 shares, an increase of 163.0% from the March 31st total of 20,800 shares. Based on an average daily volume of 78,000 shares, the days-to-cover ratio is currently 0.7 days.
ABN AMRO Bank stock opened at $12.77 on Friday. The firm’s fifty day simple moving average is $12.65 and its 200-day simple moving average is $14.21. ABN AMRO Bank has a 1-year low of $10.23 and a 1-year high of $17.52.
Several equities research analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of ABN AMRO Bank from €15.00 ($16.13) to €14.00 ($15.05) and set an “equal weight” rating on the stock in a research note on Thursday, March 24th. HSBC upgraded shares of ABN AMRO Bank from a “hold” rating to a “buy” rating and dropped their price objective for the stock from €15.00 ($16.13) to €14.00 ($15.05) in a research note on Wednesday, March 16th. JPMorgan Chase & Co. dropped their price objective on shares of ABN AMRO Bank from €13.60 ($14.62) to €11.20 ($12.04) and set an “underweight” rating on the stock in a research note on Monday, March 14th. Berenberg Bank lowered shares of ABN AMRO Bank from a “hold” rating to a “sell” rating and dropped their price target for the company from €12.30 ($13.23) to €10.00 ($10.75) in a research note on Monday, February 28th. Finally, AlphaValue lowered shares of ABN AMRO Bank to a “reduce” rating in a research note on Wednesday, March 23rd. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.46.
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.
- Get a free copy of the StockNews.com research report on ABN AMRO Bank (AAVMY)
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