National Australia Bank Ltd. (OTCMKTS:NABZY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm currently has a $14.00 target price on the financial services provider’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 16.47% from the stock’s previous close.

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

National Australia Bank (OTCMKTS NABZY) traded down 1.72% during mid-day trading on Friday, reaching $12.02. 17,384 shares of the company’s stock were exchanged. The stock has a market capitalization of $64.07 billion, a PE ratio of 18.68 and a beta of 1.12. The firm’s 50-day moving average is $11.33 and its 200 day moving average is $11.86. National Australia Bank has a 1-year low of $9.61 and a 1-year high of $12.95.

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National Australia Bank Company Profile

National Australia Bank Limited is a business bank engaged in providing personal banking and business banking services. The Company’s segments include Business & Private Banking, Corporate & Institutional Banking (CIB), Consumer Banking & Wealth Management, Customer Products & Services and NZ Banking.

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