National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) shares passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $13.76 and traded as low as $13.56. National Australia Bank shares last traded at $13.72, with a volume of 151,050 shares traded.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on NABZY shares. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. National Bank Financial raised National Australia Bank from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 16th. Finally, Zacks Research downgraded shares of National Australia Bank from a “hold” rating to a “strong sell” rating in a report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.50.
Check Out Our Latest Research Report on NABZY
National Australia Bank Stock Down 0.4%
The company has a 50 day moving average price of $13.76 and a 200-day moving average price of $14.39.
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.
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