National Australia Bank (OTCMKTS:NABZY) Shares Gap Up Following Analyst Upgrade

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped up prior to trading on Thursday after The Goldman Sachs Group upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $13.64, but opened at $14.13. National Australia Bank shares last traded at $13.6030, with a volume of 2,277 shares.

Separately, National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target on the stock in a report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Stock Performance

The firm has a fifty day moving average price of $14.03 and a 200 day moving average price of $14.37.

About National Australia Bank

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.