National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Time to Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY) shares gapped up prior to trading on Friday. The stock had previously closed at $13.47, but opened at $14.00. National Australia Bank shares last traded at $13.82, with a volume of 194 shares traded.

Analyst Ratings Changes

NABZY has been the topic of several recent analyst reports. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 16th. The Goldman Sachs Group raised shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a report on Thursday, September 10th. Finally, Zacks Research downgraded shares of National Australia Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Australia Bank presently has an average rating of “Moderate Buy” and a consensus target price of $42.50.

National Australia Bank Trading Down 0.2%

The business has a fifty day moving average price of $13.75 and a 200-day moving average price of $14.37.

About National Australia Bank

National Australia Bank (NAB) is one of Australia’s major banking groups, providing financial services to individuals, businesses and institutional clients. Its offerings include everyday banking and savings accounts, home and personal loans, credit cards, payments, and business lending and banking services. NAB also provides corporate and institutional banking, including transaction banking, financing and markets services. Its operations are centered in Australia and New Zealand, where it operates Bank of New Zealand, and it serves business and institutional customers in other international markets.