National Australia Bank (OTCMKTS:NABZY) Shares Gap Down - What's Next?

Key Points

• National Australia Bank (NABZY) shares experienced a significant gap down, opening at $14.00 compared to a previous close of $14.78, last trading at $14.68.
• A research note from National Bankshares issued a sell rating for NAB with a consensus price target of $38.00.
• The stock's moving averages indicate a recent trend with a 50-day average of $13.80 and a 200-day average of $12.59.

National Australia Bank Ltd. (OTCMKTS:NABZY - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $14.78, but opened at $14.00. National Australia Bank shares last traded at $14.68, with a volume of 7,958 shares changing hands.

Analyst Upgrades and Downgrades

Separately, National Bankshares started coverage on shares of National Australia Bank in a research note on Wednesday. They set a "sell" rating and a $38.00 target price on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, National Australia Bank has an average rating of "Sell" and a consensus price target of $38.00.

National Australia Bank Stock Down 0.4%

The stock's 50 day moving average price is $13.80 and its two-hundred day moving average price is $12.59.

About National Australia Bank

National Australia Bank Limited provides financial services to individuals and businesses in Australia, New Zealand, and internationally. The company operates through Business and Private Banking; Personal Banking; Corporate and Institutional Banking; New Zealand Banking; and Corporate Functions and Other segments.

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