National Australia Bank (OTCMKTS:NABZY) Upgraded by The Goldman Sachs Group to Hold Rating

The Goldman Sachs Group upgraded shares of National Australia Bank (OTCMKTS:NABZY) from a strong sell rating to a hold rating in a report issued on Thursday,Zacks reports.

Separately, National Bank Financial upgraded shares of National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 target price on the stock in a research report on Wednesday, July 1st. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $42.50.

National Australia Bank Price Performance

Shares of National Australia Bank stock opened at $13.64 on Thursday. The firm’s 50 day moving average is $14.02 and its 200 day moving average is $14.37. National Australia Bank has a 1 year low of $12.41 and a 1 year high of $18.13.

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.