Jefferies Financial Group Upgrades National Australia Bank (OTCMKTS:NABZY) to Hold

National Australia Bank (OTCMKTS:NABZY) was upgraded by equities research analysts at Jefferies Financial Group from an “underperform” rating to a “hold” rating in a research note issued to investors on Thursday, The Fly reports. Jefferies Financial Group also issued estimates for National Australia Bank’s FY2021 earnings at $0.75 EPS.

A number of other analysts also recently commented on the company. Zacks Investment Research downgraded National Australia Bank from a “hold” rating to a “sell” rating in a report on Wednesday. ValuEngine upgraded National Australia Bank from a “sell” rating to a “hold” rating in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.75.

NABZY stock opened at $9.21 on Thursday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.23 and a current ratio of 1.23. The business has a fifty day simple moving average of $8.62 and a 200-day simple moving average of $9.23. National Australia Bank has a 52 week low of $8.13 and a 52 week high of $10.38.

National Australia Bank Company Profile

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and New Zealand Banking segments.

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