National Australia Bank (OTCMKTS:NABZY) Shares Gap Down – What’s Next?

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped down before the market opened on Friday. The stock had previously closed at $14.78, but opened at $13.21. National Australia Bank shares last traded at $13.6230, with a volume of 788 shares.

Wall Street Analyst Weigh In

NABZY has been the subject of several research reports. National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group raised National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $42.50.

National Australia Bank Stock Up 2.6%

The stock has a fifty day moving average of $13.75 and a 200-day moving average of $14.39.

National Australia Bank Company Profile

National Australia Bank Limited (OTCMKTS:NABZY) is a major Australian banking and financial services company headquartered in Melbourne, Australia. The bank provides services to individual, business, corporate and institutional customers through the NAB brand and related operations.

NAB’s offerings include transaction and savings accounts, home and personal loans, credit cards, business lending, cash-flow and payment solutions, foreign exchange, trade finance, corporate banking and investment services.