National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $13.63, but opened at $14.2899. National Australia Bank shares last traded at $14.29, with a volume of 1,889 shares trading hands.
Analyst Ratings Changes
Several equities analysts have issued reports on the company. Zacks Research lowered National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 target price for the company in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.50.
Check Out Our Latest Stock Report on NABZY
National Australia Bank Price Performance
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.
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