Shares of National Australia Bank Ltd. (OTCMKTS:NABZY – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $16.00 and last traded at $15.8277, with a volume of 122 shares. The stock had previously closed at $15.73.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. UBS Group upgraded shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 27th. Macquarie Infrastructure upgraded National Australia Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. Finally, Zacks Research raised National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.00.
View Our Latest Stock Report on NABZY
National Australia Bank Stock Performance
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.
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