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

National Australia Bank Ltd. (OTCMKTS:NABZY)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $14.11, but opened at $14.7850. National Australia Bank shares last traded at $14.88, with a volume of 208 shares changing hands.

Analysts Set New Price Targets

NABZY has been the topic of a number of recent analyst reports. Zacks Research raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. The Goldman Sachs Group upgraded National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Macquarie raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, National Bankshares started coverage on shares of National Australia Bank in a research report on Wednesday, October 8th. They issued a “sell” rating and a $38.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, National Australia Bank presently has an average rating of “Moderate Buy” and an average target price of $38.00.

National Australia Bank Stock Down 0.7%

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 2.88. The stock’s fifty day moving average price is $13.83 and its 200-day moving average price is $13.78.

About National Australia Bank

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.