National Australia Bank (OTCMKTS:NABZY) Upgraded by UBS Group to Strong-Buy Rating

UBS Group upgraded shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

Several other research analysts have also issued reports on the stock. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a research report on Wednesday, October 8th. National Bankshares began coverage on shares of National Australia Bank in a research report on Wednesday, October 8th. They set a “sell” rating and a $38.00 target price for the company. Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Macquarie upgraded National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st. Three investment analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, National Australia Bank has an average rating of “Moderate Buy” and an average target price of $38.00.

National Australia Bank Price Performance

Shares of NABZY stock opened at $15.12 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88. The stock has a 50 day moving average of $13.93 and a 200-day moving average of $13.82. National Australia Bank has a 12 month low of $9.32 and a 12 month high of $15.59.

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.