ABN AMRO Bank (OTCMKTS:AAVMY) Price Target Cut to €16.00 by Analysts at Barclays

ABN AMRO Bank (OTCMKTS:AAVMYGet Rating) had its target price reduced by Barclays from €16.70 ($17.22) to €16.00 ($16.49) in a report released on Monday, The Fly reports.

Several other brokerages have also recently issued reports on AAVMY. The Goldman Sachs Group assumed coverage on ABN AMRO Bank in a report on Tuesday, May 31st. They set a neutral rating and a €13.25 ($13.66) price objective for the company. UBS Group dropped their price target on ABN AMRO Bank from €11.40 ($11.75) to €10.40 ($10.72) in a research report on Friday, July 15th. Kepler Capital Markets downgraded ABN AMRO Bank from a buy rating to a hold rating in a research report on Thursday, May 19th. Exane BNP Paribas raised ABN AMRO Bank from an underperform rating to a neutral rating and set a €13.80 ($14.23) price target for the company in a research report on Thursday, May 19th. Finally, Morgan Stanley dropped their price target on ABN AMRO Bank from €14.00 ($14.43) to €13.00 ($13.40) in a research report on Friday, July 8th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $12.64.

ABN AMRO Bank Stock Down 0.4 %

Shares of AAVMY stock opened at $10.12 on Monday. The stock has a fifty day moving average price of $10.85 and a 200 day moving average price of $12.53. ABN AMRO Bank has a 1 year low of $9.28 and a 1 year high of $17.52.

ABN AMRO Bank Company Profile

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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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