National Australia Bank (OTCMKTS:NABZY) Upgraded by Zacks Investment Research to Buy

National Australia Bank (OTCMKTS:NABZY) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The firm currently has a $9.75 target price on the financial services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 14.04% from the company’s current price.

According to Zacks, “National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services. “

A number of other analysts have also recently commented on the company. ValuEngine upgraded National Australia Bank from a “sell” rating to a “hold” rating in a research report on Monday, November 25th. Macquarie downgraded National Australia Bank from an “outperform” rating to a “neutral” rating in a research note on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. National Australia Bank currently has an average rating of “Hold” and a consensus price target of $9.75.

OTCMKTS NABZY opened at $8.55 on Wednesday. The company has a market capitalization of $49.17 billion, a PE ratio of 14.02, a price-to-earnings-growth ratio of 1.16 and a beta of 0.76. The business’s fifty day moving average is $9.53 and its 200 day moving average is $9.48. National Australia Bank has a fifty-two week low of $7.84 and a fifty-two 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.

Read More: What is the Moving Average Convergence Divergence (MACD) oscillator?

Get a free copy of the Zacks research report on National Australia Bank (NABZY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for National Australia Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Australia Bank and related companies with MarketBeat.com's FREE daily email newsletter.