ABN AMRO Bank (OTCMKTS:AAVMY – Get Rating) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 6,200 shares, a decrease of 66.8% from the April 30th total of 18,700 shares. Based on an average daily trading volume, of 98,400 shares, the days-to-cover ratio is presently 0.1 days.
Shares of ABN AMRO Bank stock opened at $11.32 on Thursday. ABN AMRO Bank has a 52-week low of $10.23 and a 52-week high of $17.52. The firm has a 50-day moving average of $12.38 and a 200-day moving average of $13.83.
Several research analysts have recently commented on AAVMY shares. AlphaValue lowered shares of ABN AMRO Bank to a “reduce” rating in a research note on Wednesday, March 23rd. Credit Suisse Group reduced their price objective on shares of ABN AMRO Bank from €13.50 ($14.36) to €13.00 ($13.83) in a report on Thursday, May 19th. Exane BNP Paribas upgraded shares of ABN AMRO Bank from an “underperform” rating to a “neutral” rating and set a €13.80 ($14.68) target price for the company in a research report on Thursday, May 19th. Kepler Capital Markets cut shares of ABN AMRO Bank from a “buy” rating to a “hold” rating in a research report on Thursday, May 19th. Finally, Morgan Stanley reduced their price objective on shares of ABN AMRO Bank from €15.00 ($15.96) to €14.00 ($14.89) and set an “equal weight” rating on the stock in a research note on Thursday, March 24th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $12.63.
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)
- Short-Covering Begins In Big Lots
- Institutions Ring The Register On Toll Brothers Stock
- Agilent Technologies Is Bottoming But Don’t Buy It Yet
- Dick’s Sporting Goods Falls Flat On Weak Guidance
- Indie Semiconductor Stock is Putting in a Bottom
Receive News & Ratings for ABN AMRO Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ABN AMRO Bank and related companies with MarketBeat.com's FREE daily email newsletter.