In a report released today, Brendan Sproules from Citi maintained a Sell rating on National Australia Bank Limited (NAUBF – Research Report), with a price target of A$26.50. The company’s shares closed last Tuesday at $22.70.
According to TipRanks, Sproules is a 2-star analyst with an average return of 0.5% and a 36.03% success rate. Sproules covers the Financial sector, focusing on stocks such as ANZ Group Holdings, Westpac Banking, and Macquarie Group Limited.
The word on The Street in general, suggests a Hold analyst consensus rating for National Australia Bank Limited with a $21.05 average price target.
NAUBF market cap is currently $71.69B and has a P/E ratio of 15.81.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NAUBF in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
National Australia Bank Limited (NAUBF) Company Description:
National Australia Bank Ltd. engages in the provision of banking and financial services. Its services include banking, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management and custodian, trustee and nominee services. The company operates through five segments: Consumer Banking & Wealth, Business & Private Banking, Corporate & Institutional Banking, NZ Banking, and Corporate Functions & Other. The Consumer Banking & Wealth segment provides customers with access to independent advisers, including mortgage brokers and the financial planning network of self-employed, aligned and salaried advisers in Australia. The Business & Private Banking focuses on serving customers through NAB Business franchise and specialist services in key segments. The Corporate & Institutional Banking segment provides lending and transactional products and services related to financial and debt capital market, custody and alternative investments. The NZ Banking segment comprises of retail, business, agribusiness, corporate and institutional, and insurance franchises in New Zealand that operates under the Bank of New Zealand brand. The Corporate Functions and Other segment include treasury, technology and other supporting units. The company was founded on October 4, 1858 and is headquartered in Melbourne, Australia.
