Morningstar Reiterates “Accumulate” Rating for Australia & New Zealand Banking Group (ANZ)
Australia & New Zealand Banking Group (ASX:ANZ)‘s stock had its “accumulate” rating restated by research analysts at Morningstar in a report released on Friday, StockRatingsNetwork reports. They currently have a $31.56 price target on the stock.
A number of other firms have also recently commented on ANZ. Analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Australia & New Zealand Banking Group in a research note to investors on Friday, November 15th. They now have a $6,492.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of A$1,321.12 ($1,158.88).
Shares of Australia & New Zealand Banking Group (ASX:ANZ) traded down 1.03% on Friday, hitting A$30.650. The stock had a trading volume of 5,342,210 shares. Australia & New Zealand Banking Group has a 52-week low of A$25.410 and a 52-week high of A$34.060. The stock’s 50-day moving average is A$31.50 and its 200-day moving average is A$30.79. The company has a market cap of A$83.223 billion and a price-to-earnings ratio of 13.80.
Australia and New Zealand Banking Group Limited (ASX:ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients.
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