National Australia Bank (OTCMKTS:NABZY) Hits New 12-Month High – Should You Buy?

National Australia Bank Ltd. (OTCMKTS:NABZY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.8970 and last traded at $16.8970, with a volume of 643 shares trading hands. The stock had previously closed at $16.19.

Analysts Set New Price Targets

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

National Australia Bank Stock Up 1.1%

The company has a fifty day moving average of $14.80 and a 200-day moving average of $14.21. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88.

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.