ABN AMRO Bank (OTCMKTS:AAVMY) Sets New 12-Month High – Still a Buy?

ABN AMRO Bank (OTCMKTS:AAVMY) shares hit a new 52-week high on Monday . The company traded as high as $40.88 and last traded at $40.77, with a volume of 726 shares changing hands. The stock had previously closed at $39.6125.

Analyst Upgrades and Downgrades

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

ABN AMRO Bank Price Performance

The company has a 50-day moving average price of $36.48 and a 200-day moving average price of $35.02.

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.