National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Still a Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY) shares gapped up prior to trading on Monday. The stock had previously closed at $13.28, but opened at $14.11. National Australia Bank shares last traded at $13.65, with a volume of 137 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. National Bank Financial upgraded 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 upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Stock Up 0.7%

The firm has a fifty day moving average price of $14.02 and a 200 day moving average price of $14.12.

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.