National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Still a Buy?

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped up prior to trading on Thursday . The stock had previously closed at $13.64, but opened at $14.13. National Australia Bank shares last traded at $13.6030, with a volume of 2,277 shares.

Analysts Set New Price Targets

Separately, National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price objective for the company in a research report on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $42.50.

National Australia Bank Trading Down 0.7%

The firm’s 50-day moving average price is $14.02 and its 200-day moving average price is $14.40.

National Australia Bank Company Profile

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.