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

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped down prior to trading on Monday . The stock had previously closed at $14.01, but opened at $13.33. National Australia Bank shares last traded at $13.8050, with a volume of 197 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on NABZY shares. 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 report on Wednesday. Two equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Price Performance

The stock’s 50-day moving average is $14.05 and its 200 day moving average is $14.22.

National Australia Bank Company Profile

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.