National Australia Bank (OTCMKTS:NABZY) Stock Rating Upgraded by The Goldman Sachs Group

National Australia Bank (OTCMKTS:NABZY) was upgraded by analysts at The Goldman Sachs Group from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday, Zacks reports.

Separately, National Bank Financial upgraded National Australia Bank from a “neutral” rating to a “buy” rating and set a $42.50 price target on the stock in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.50.

National Australia Bank Price Performance

Shares of OTCMKTS NABZY opened at $13.64 on Thursday. The firm’s 50-day moving average price is $14.02 and its two-hundred day moving average price is $14.37. National Australia Bank has a 52-week low of $12.41 and a 52-week high of $18.13.

National Australia Bank Company Profile

National Australia Bank Limited (NAB) is a major financial services company headquartered in Melbourne, Australia. Through its banking operations, NAB provides services to individuals, businesses, institutional clients and government-related organizations.

The company offers personal and business transaction accounts, savings products, residential and commercial lending, credit cards, payments, foreign exchange, treasury services and investment-related products. It also provides private banking, corporate and institutional banking, risk management and financial advisory services.