ABN AMRO Bank (OTCMKTS:AAVMY) Sees Large Increase in Short Interest

ABN AMRO Bank (OTCMKTS:AAVMYGet Rating) was the target of a large growth in short interest in December. As of December 30th, there was short interest totalling 4,600 shares, a growth of 9.5% from the December 15th total of 4,200 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 0.4 days.

ABN AMRO Bank Trading Up 2.0 %

ABN AMRO Bank stock opened at $15.79 on Friday. ABN AMRO Bank has a fifty-two week low of $8.47 and a fifty-two week high of $17.52. The firm has a 50 day moving average price of $13.66 and a 200 day moving average price of $11.17.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of ABN AMRO Bank from €13.70 ($14.89) to €15.50 ($16.85) and gave the stock an “equal weight” rating in a research note on Friday, November 11th. The Goldman Sachs Group raised shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Friday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of ABN AMRO Bank from €10.40 ($11.30) to €11.00 ($11.96) in a research report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft raised shares of ABN AMRO Bank from a “hold” rating to a “buy” rating and lifted their price target for the company from €13.00 ($14.13) to €16.00 ($17.39) in a research report on Thursday, November 17th. Finally, Credit Suisse Group raised shares of ABN AMRO Bank from a “neutral” rating to an “outperform” rating in a research report on Friday, December 9th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $13.41.

ABN AMRO Bank Company Profile

(Get Rating)

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.

See Also

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.