ABN Amro: Citi still a buyer
(CercleFinance.com) - Citi analysts this morning confirm their buy rating on the share of Dutch bank ABN Amro, which was battered yesterday by the announcement of a survey regarding money laundering.
They have a target price of 20.5 euros for the share, representing upside potential of close to 30%.
However, analysts point out that according to news agencies, the Dutch tax authorities suspect that ABN Amro has not reported unusual or unusual transactions to them - or at least in time - and that it has failed to terminate commercial relations with certain clients. The Dutch prosecutor's office reportedly launched the investigation after this was flagged by the Dutch Central Bank.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
They have a target price of 20.5 euros for the share, representing upside potential of close to 30%.
However, analysts point out that according to news agencies, the Dutch tax authorities suspect that ABN Amro has not reported unusual or unusual transactions to them - or at least in time - and that it has failed to terminate commercial relations with certain clients. The Dutch prosecutor's office reportedly launched the investigation after this was flagged by the Dutch Central Bank.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.