The Goldman Sachs Group Upgrades National Australia Bank (OTCMKTS:NABZY) to Strong Sell

Key Points

• The Goldman Sachs Group has upgraded National Australia Bank (OTCMKTS:NABZY) to a "strong sell" rating, reflecting a bearish outlook from analysts.
• National Bankshares also began coverage of the bank, assigning a sell rating with a price target of $38.00.
• Currently, the consensus rating for National Australia Bank is "Sell" with a target price of $38.00, while its stock is down 2.6%.

National Australia Bank (OTCMKTS:NABZY - Get Free Report) was upgraded by stock analysts at The Goldman Sachs Group to a "strong sell" rating in a research note issued to investors on Wednesday,Zacks.com reports.

Separately, National Bankshares began coverage on shares of National Australia Bank in a report on Wednesday. They set a "sell" rating and a $38.00 price target for the company. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of "Sell" and a consensus target price of $38.00.

National Australia Bank Stock Down 2.6%

OTCMKTS:NABZY opened at $14.33 on Wednesday. The company has a 50-day moving average of $13.88 and a 200-day moving average of $12.63. National Australia Bank has a 52 week low of $9.32 and a 52 week high of $15.13.

National Australia Bank Company Profile

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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