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Australia & New Zealand Banking Group (ASX:ANZ)‘s stock had its “accumulate” rating restated by investment analysts at Morningstar in a note issued to investors on Sunday, American Banking News reports. They currently have a $31.56 price objective on the stock.

Australia & New Zealand Banking Group (ASX:ANZ) opened at 30.130 on Friday. 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$81.811 billion and a P/E ratio of 13.39.

Other equities research analysts have also recently issued reports about the stock. 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of A$1,321.12 ($1,148.80).

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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