National Australia Bank (OTCMKTS:NABZY) Reaches New 12-Month High – Still a Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $17.45 and last traded at $17.00, with a volume of 182363 shares traded. The stock had previously closed at $17.20.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on NABZY shares. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Macquarie Infrastructure raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Finally, Zacks Research raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Three analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

National Australia Bank Trading Down 1.2%

The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88. The stock has a 50 day moving average of $14.86 and a 200-day moving average of $14.26.

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.