National Australia Bank (OTCMKTS:NABZY) Shares Gap Up – Should You Buy?

Shares of National Australia Bank Ltd. (OTCMKTS:NABZY) gapped up prior to trading on Thursday . The stock had previously closed at $15.70, but opened at $16.6250. National Australia Bank shares last traded at $16.62, with a volume of 3,508 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on NABZY. UBS Group raised shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 27th. Zacks Research raised 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 shares of National Australia Bank from a “hold” rating to a “strong-buy” rating in a research note 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.00.

National Australia Bank Stock Performance

The company’s 50-day moving average price is $14.50 and its 200 day moving average price is $14.06. The company has a debt-to-equity ratio of 2.88, a quick ratio of 1.23 and a current ratio of 1.23.

National Australia Bank Company Profile

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.