National Australia Bank (OTCMKTS:NABZY) Raised to “Strong-Buy” at Macquarie

National Australia Bank (OTCMKTS:NABZY) was upgraded by equities researchers at Macquarie from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on NABZY. The Goldman Sachs Group raised shares of National Australia Bank to a “strong sell” rating in a research note on Wednesday, October 8th. National Bankshares assumed coverage on National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price objective for the company. Finally, Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $38.00.

National Australia Bank Trading Down 0.7%

Shares of NABZY opened at $14.60 on Wednesday. National Australia Bank has a 12-month low of $9.32 and a 12-month high of $15.13. The firm has a 50-day moving average price of $13.83 and a 200 day moving average price of $13.77. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.23 and a quick 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.