Australia & New Zealand Banking Group Ltd. (OTCMKTS:ANZBY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage currently has a $23.00 price objective on the stock. Zacks Investment Research’s target price would suggest a potential upside of 9.97% from the stock’s current price.

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. “

Australia & New Zealand Banking Group (OTCMKTS:ANZBY) opened at 20.915 on Wednesday. The stock’s 50 day moving average is $20.17 and its 200-day moving average is $18.78. The company has a market cap of $60.54 billion, a P/E ratio of 12.516 and a beta of 1.64. Australia & New Zealand Banking Group has a 12-month low of $15.63 and a 12-month high of $21.17.

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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