Zacks Investment Research upgraded shares of Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) from a hold rating to a buy rating in a research note published on Wednesday morning. Zacks Investment Research currently has $23.00 price target on the stock.
According to Zacks, “Austria and New Zealand Banking’s principal activities are the provision of general banking services, hire purchase and general finance, life assurance, property development, mortgage lending and other financial services. The Group operates within Australia, New Zealand, Europe, Asia, the Americas and the Middle East. “
Shares of Australia & New Zealand Banking Group (OTCMKTS:ANZBY) opened at 20.80 on Wednesday. Australia & New Zealand Banking Group has a 12 month low of $15.63 and a 12 month high of $21.17. The firm has a market cap of $60.21 billion, a P/E ratio of 12.58 and a beta of 1.64. The stock’s 50 day moving average is $20.12 and its 200 day moving average is $18.76.
Australia & New Zealand Banking Group Company Profile
Australia and New Zealand Banking Group Limited (ANZ) provides a range of banking and financial products and services to retail, small business, corporate and institutional clients. The Company conducts its operations in Australia, New Zealand and the Asia Pacific region. The Company has 1,220 branches and other points of representation excluding Automatic Teller Machines (ATMs).
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