National Australia Bank (OTCMKTS:NABZY) Reaches New 52-Week High Following Analyst Upgrade

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price reached a new 52-week high on Tuesday after UBS Group upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $15.1350 and last traded at $15.0050, with a volume of 7037 shares traded. The stock had previously closed at $14.86.

NABZY has been the subject of a number of other reports. Macquarie raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Finally, National Bankshares started coverage on shares of National Australia Bank in a report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, National Australia Bank has a consensus rating of “Moderate Buy” and an average target price of $38.00.

National Australia Bank Stock Up 0.8%

The business has a fifty day moving average of $13.93 and a two-hundred day moving average of $13.82. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88.

About National Australia Bank

National Australia Bank (OTCMKTS: NABZY) is one of Australia’s largest banking groups, offering a broad range of financial services to retail, small business, corporate and institutional customers. Its core activities include personal and business banking — such as deposits, home and business lending, credit cards and payment services — as well as wealth management, insurance, markets and specialist lending. The bank provides transaction and cash management solutions, financing and advisory services to corporate clients and institutional investors.

Headquartered in Melbourne, NAB traces its corporate origins to a 1982 merger between the National Bank of Australasia and the Commercial Banking Company of Sydney, with precursor institutions dating to the 19th century.