ABN AMRO Bank (OTCMKTS:AAVMY) Price Target Lowered to €11.10 at JPMorgan Chase & Co.

ABN AMRO Bank (OTCMKTS:AAVMYGet Rating) had its price target lowered by JPMorgan Chase & Co. from €11.20 ($11.43) to €11.10 ($11.33) in a research report sent to investors on Thursday, The Fly reports. The brokerage currently has an underweight rating on the stock.

Several other research analysts also recently weighed in on the company. UBS Group dropped their price target on ABN AMRO Bank from €11.40 ($11.63) to €10.40 ($10.61) in a research note on Friday, July 15th. Exane BNP Paribas upgraded ABN AMRO Bank from an underperform rating to a neutral rating and set a €13.80 ($14.08) price target for the company in a research note on Thursday, May 19th. Morgan Stanley dropped their price target on ABN AMRO Bank from €14.00 ($14.29) to €13.00 ($13.27) in a research note on Friday, July 8th. Barclays dropped their price target on ABN AMRO Bank from €16.70 ($17.04) to €16.00 ($16.33) in a research note on Monday, August 1st. Finally, Royal Bank of Canada dropped their price target on ABN AMRO Bank from €12.50 ($12.76) to €12.00 ($12.24) and set a sector perform rating for the company in a research note on Friday, July 15th. 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. Based on data from MarketBeat, ABN AMRO Bank currently has a consensus rating of Hold and a consensus price target of $12.63.

ABN AMRO Bank Price Performance

ABN AMRO Bank stock opened at $9.83 on Thursday. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $11.42. ABN AMRO Bank has a 12-month low of $9.28 and a 12-month high of $17.52.

About ABN AMRO Bank

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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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