National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Here’s Why

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $13.49, but opened at $14.19. National Australia Bank shares last traded at $13.5650, with a volume of 1,299 shares traded.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a research note 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. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $42.50.

National Australia Bank Stock Down 3.2%

The firm’s fifty day moving average price is $14.05 and its 200-day moving average price is $14.25.

About National Australia Bank

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.