National Australia Bank (OTCMKTS:NABZY) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

National Australia Bank Ltd. (OTCMKTS:NABZYGet Free Report)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.91 and traded as high as $15.54. National Australia Bank shares last traded at $15.19, with a volume of 175,691 shares changing hands.

Analysts Set New Price Targets

NABZY has been the subject of a number of analyst reports. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Zacks Research upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Monday, January 12th. Finally, Macquarie Infrastructure upgraded National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Check Out Our Latest Stock Analysis on NABZY

National Australia Bank Price Performance

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 50-day moving average is $14.22 and its two-hundred day moving average is $13.93.

National Australia Bank Company Profile

(Get Free Report)

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.

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