ABN AMRO Bank (OTCMKTS:AAVMY) Hits New 1-Year High – Here’s What Happened

ABN AMRO Bank (OTCMKTS:AAVMY)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $43.41 and last traded at $43.41, with a volume of 278 shares traded. The stock had previously closed at $42.36.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AAVMY. ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research report on Monday, May 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. Finally, Zacks Research upgraded ABN AMRO Bank to a “hold” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, ABN AMRO Bank presently has a consensus rating of “Moderate Buy”.

ABN AMRO Bank Price Performance

The stock has a market capitalization of $35.39 billion and a price-to-earnings ratio of 33.59. The stock’s 50 day simple moving average is $37.80 and its 200-day simple moving average is $35.45.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings results on Monday, June 15th. The company reported $999.00 EPS for the quarter.

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.