National Australia Bank (OTCMKTS:NABZY) Rating Increased to Strong-Buy at Zacks Research

National Australia Bank (OTCMKTS:NABZY) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on NABZY. National Bankshares started coverage on shares of National Australia Bank in a report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 target price for the company. The Goldman Sachs Group upgraded shares of National Australia Bank to a “strong sell” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.00.

National Australia Bank Price Performance

Shares of National Australia Bank stock opened at $14.23 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 2.88. The stock’s fifty day moving average is $13.80 and its 200 day moving average is $13.70. National Australia Bank has a one year low of $9.32 and a one year high of $15.13.

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.