Zacks Research downgraded shares of National Australia Bank (OTCMKTS:NABZY – Free Report) from a hold rating to a strong sell rating in a report issued on Thursday,Zacks reports.
Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, September 10th. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating in a report on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.50.
Get Our Latest Stock Analysis on NABZY
National Australia Bank Stock Performance
NABZY traded up $0.32 during trading on Thursday, hitting $13.71. 212,210 shares of the company’s stock were exchanged, compared to its average volume of 231,708. The business’s 50 day moving average is $13.75 and its two-hundred day moving average is $14.39. National Australia Bank has a fifty-two week low of $12.41 and a fifty-two week high of $18.13.
National Australia Bank Company Profile
National Australia Bank (NAB) is one of Australia’s major banking groups, providing financial services to individuals, businesses and institutional clients. Its offerings include everyday banking and savings accounts, home and personal loans, credit cards, payments, and business lending and banking services.
NAB also provides corporate and institutional banking, including transaction banking, financing and markets services. Its operations are centered in Australia and New Zealand, where it operates Bank of New Zealand, and it serves business and institutional customers in other international markets.
The modern National Australia Bank was formed in 1982 through the merger of the National Bank of Australasia and the Commercial Banking Company of Sydney.
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