National Australia Bank (OTCMKTS:NABZY) Shares Gap Down – What’s Next?

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped down before the market opened on Monday . The stock had previously closed at $14.01, but opened at $13.33. National Australia Bank shares last traded at $13.8050, with a volume of 197 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on NABZY shares. The Goldman Sachs Group upgraded shares of National Australia Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 10th. National Bank Financial raised shares of National Australia Bank from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $42.50.

National Australia Bank Stock Performance

The stock has a 50-day simple moving average of $14.05 and a 200 day simple moving average of $14.18.

About National Australia Bank

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.