National Australia Bank (OTCMKTS:NABZY) Raised to Strong-Buy at UBS Group

National Australia Bank (OTCMKTS:NABZY) was upgraded by analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other brokerages have also issued reports on NABZY. National Bankshares initiated coverage on shares of National Australia Bank in a research report on Wednesday, October 8th. They set a “sell” rating and a $38.00 target price on the stock. Zacks Research upgraded National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. The Goldman Sachs Group upgraded National Australia Bank to a “strong sell” rating in a report on Wednesday, October 8th. Finally, Macquarie raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $38.00.

National Australia Bank Stock Up 0.7%

NABZY stock traded up $0.11 during trading on Tuesday, hitting $15.23. The stock had a trading volume of 118,290 shares, compared to its average volume of 158,960. 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 company’s 50 day moving average price is $13.93 and its two-hundred day moving average price is $13.82. National Australia Bank has a 1-year low of $9.32 and a 1-year high of $15.59.

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.