National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Here’s What Happened

National Australia Bank Ltd. (OTCMKTS:NABZY)’s share price gapped up prior to trading on Friday. The stock had previously closed at $13.47, but opened at $14.00. National Australia Bank shares last traded at $13.82, with a volume of 194 shares traded.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NABZY shares. Zacks Research cut National Australia Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 5th. 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. Finally, National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 16th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, National Australia Bank presently has an average rating of “Moderate Buy” and an average target price of $42.50.

National Australia Bank Trading Down 0.2%

The firm has a 50-day simple moving average of $13.75 and a 200 day simple moving average of $14.37.

National Australia Bank Company Profile

National Australia Bank (NAB) is one of Australia’s major banking groups, providing financial services to individuals, businesses and institutional clients. Its offerings include everyday banking and savings accounts, home and personal loans, credit cards, payments, and business lending and banking services. NAB also provides corporate and institutional banking, including transaction banking, financing and markets services. Its operations are centered in Australia and New Zealand, where it operates Bank of New Zealand, and it serves business and institutional customers in other international markets.