National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Still a Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $14.11, but opened at $14.7850. National Australia Bank shares last traded at $14.88, with a volume of 208 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NABZY shares. National Bankshares initiated coverage on shares of National Australia Bank in a report on Wednesday, October 8th. They set a “sell” rating and a $38.00 price target for the company. The Goldman Sachs Group upgraded National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Finally, Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $38.00.

National Australia Bank Stock Down 1.1%

The business’s fifty day moving average is $13.81 and its 200-day moving average is $13.76. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick ratio of 1.23.

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.