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

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped up prior to trading on Tuesday. The stock had previously closed at $13.52, but opened at $14.00. National Australia Bank shares last traded at $13.64, with a volume of 2,641 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a report on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, National Australia Bank currently has a consensus rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Stock Up 1.7%

The stock has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $13.85.

National Australia Bank Company Profile

National Australia Bank Limited (OTCMKTS:NABZY) is a major Australian banking and financial services company headquartered in Melbourne, Australia. The bank provides services to individual, business, corporate and institutional customers through the NAB brand and related operations.

NAB’s offerings include transaction and savings accounts, home and personal loans, credit cards, business lending, cash-flow and payment solutions, foreign exchange, trade finance, corporate banking and investment services.