The stock of Australia and New Zealand Banking Group (ASX:ANZ) hit a new 52-week high and has $30.11 target or 5.00% above today’s $28.68 share price. The 9 months bullish chart indicates low risk for the $83.96 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $30.11 price target is reached, the company will be worth $4.20B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.95% or $0.27 on December 1, hitting $28.68. About 7.01 million shares traded hands. Australia and New Zealand Banking Group (ASX:ANZ) has risen 13.18% since May 5, 2016 and is uptrending. It has outperformed by 7.26% the S&P500.
More notable recent Australia and New Zealand Banking Group (ASX:ANZ) news were published by: Reuters.com which released: “Australia’s ANZ Bank says increasingly cautious on property lending” on November 30, 2016, also Fool.com.Au with their article: “3 BIG dividend shares to beat Australia and New Zealand Banking Group” published on November 21, 2016, Fool.com.Au published: “Why profits just crashed at Australia and New Zealand Banking Group” on November 02, 2016. More interesting news about Australia and New Zealand Banking Group (ASX:ANZ) were released by: Fool.com.Au and their article: “Do Australia and New Zealand Banking Group’s Asia sales make it a buy?” published on November 02, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Australia and New Zealand Banking Group says FY total provision char…” with publication date: November 02, 2016.
Australia and New Zealand Banking Group Limited provides a range of banking and financial services and products. The company has a market cap of $83.96 billion. The Company’s divisions include Australia; New Zealand; Institutional; Asia Retail & Pacific; Wealth Australia, and Technology, Services and Operations and Group Centre. It has a 15.14 P/E ratio. The Company’s activities span Australia, New Zealand, and a number of countries in the Asia Pacific region, the United Kingdom, France, Germany and the United States.
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