Australia and New Zealand Banking Group Limited (OTCMKTS: ANZBY – Get a rating) benefited from a significant drop in short-term interest rates in April. As of April 30, there was short interest totaling 40,400 shares, a decrease of 35.0% from the April 15 total of 62,200 shares. Based on an average daily volume of 165,700 shares, the short interest ratio is currently 0.2 days.
ANZBY Stock opened at $18.28 on Friday. The company has a debt ratio of 1.59, a current ratio of 1.12 and a quick ratio of 1.12. The company has a 50-day simple moving average of $19.91 and a 200-day simple moving average of $19.92. The Australian and New Zealand banking group has a 12-month low of $17.50 and a 12-month high of $22.69.
The company also recently announced a dividend, which will be paid on Monday, July 11. Shareholders of record on Thursday, May 19 will receive a dividend of $0.5047 per share. The ex-dividend date is Wednesday, May 18. This represents a dividend yield of 5.54%.
A number of research analysts have recently commented on the company. Goldman Sachs Group downgraded the Australian and New Zealand banking group’s rating from a “buy” rating to a “neutral” rating in a Wednesday May 4 report. Zacks Investment Research cut shares of the Australian and New Zealand banking group from a “buy” rating to a “hold” rating in a Tuesday, April 26 report. JPMorgan Chase & Co. upgraded shares of the Australian and New Zealand banking group from a “neutral” rating to an “overweight” rating in a Friday, January 21 report. Credit Suisse Group upgraded shares of the Australian and New Zealand banking group from a “neutral” rating to an “outperforming” rating in a research note on Monday (February 7th). Finally, Jefferies Financial Group downgraded shares of the Australian and New Zealand banking group from a “buy” rating to a “hold” rating in a Monday, Feb. 7 research note. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, Australia and New Zealand Banking Group currently has an average rating of “Hold” and an average target price of $23.00.
About the Australian and New Zealand Banking Group (Get a rating)
Australia and New Zealand Banking Group Limited provides a variety of banking and financial products and services in Australia and overseas. Its Australia Retail and Commercial division offers various products and services to consumer customers through the network of branches, mortgage specialists, contact centres, self-service channels and third-party brokers, as well as planning services. financial.
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