ABN AMRO Bank (OTCMKTS:AAVMY) Reaches New 1-Year High – Still a Buy?

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $46.21 and last traded at $46.0431, with a volume of 20909 shares traded. The stock had previously closed at $45.51.

Analysts Set New Price Targets

Several brokerages recently commented on AAVMY. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research note on Wednesday, July 22nd. ABN Amro raised shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 2nd. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Thursday, May 14th. Zacks Research upgraded ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, ABN AMRO Bank currently has an average rating of “Buy”.

ABN AMRO Bank Stock Up 1.2%

The company has a 50 day moving average price of $42.13 and a 200-day moving average price of $37.23. The company has a market cap of $37.90 billion and a price-to-earnings ratio of 15.61.

ABN AMRO Bank Company Profile

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.