Shares of National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.81 and traded as high as $15.52. National Australia Bank shares last traded at $15.42, with a volume of 188,922 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on NABZY shares. Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Macquarie Infrastructure raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Finally, UBS Group raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 27th. Three investment analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.
Check Out Our Latest Research Report on NABZY
National Australia Bank Trading Down 0.6%
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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