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

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $14.15, but opened at $14.76. National Australia Bank shares last traded at $14.2150, with a volume of 263 shares trading hands.

Analyst Ratings Changes

NABZY has been the topic of several research reports. National Bankshares assumed coverage on shares of National Australia Bank in a report on Wednesday, October 8th. They set a “sell” rating and a $38.00 price target on the stock. The Goldman Sachs Group upgraded shares of National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus target price of $38.00.

National Australia Bank Stock Up 0.4%

The company’s 50 day moving average price is $13.85 and its 200-day moving average price is $13.61. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.23 and a current ratio of 1.23.

National Australia Bank Company Profile

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.