National Australia Bank (OTCMKTS:NABZY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of National Australia Bank (OTCMKTS:NABZY) from a hold rating to a buy rating in a report released on Wednesday, reports. They currently have $7.25 price target on the financial services provider’s stock.

According to Zacks, “National Australia Bank is an international financial services group providing a comprehensive and integrated range of financial services. “

A number of other research analysts have also recently commented on NABZY. UBS Group upgraded National Australia Bank from a neutral rating to a buy rating in a research note on Thursday, June 4th. ValuEngine upgraded National Australia Bank from a sell rating to a hold rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $7.25.

Shares of NABZY opened at $6.29 on Wednesday. The stock’s 50-day moving average is $6.39 and its two-hundred day moving average is $6.54. The stock has a market cap of $35.27 billion, a PE ratio of 10.31, a P/E/G ratio of 3.21 and a beta of 1.07. National Australia Bank has a 12 month low of $4.00 and a 12 month high of $10.38.

About National Australia Bank

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, Asia, the United States, and the United Kingdom. It operates through Consumer Banking and Wealth, Business and Private Banking, Corporate and Institutional Banking, and New Zealand Banking segments.

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