National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 882,752 shares traded hands during trading, an increase of 211% from the previous session’s volume of 283,960 shares.The stock last traded at $14.6070 and had previously closed at $14.1850.
Analyst Ratings Changes
A number of research firms have issued reports on NABZY. National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 target price on the stock in a report on Wednesday, July 1st. Zacks Research downgraded shares of National Australia Bank from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.50.
View Our Latest Stock Analysis on NABZY
National Australia Bank Trading Down 2.0%
National Australia Bank Company Profile
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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