In a report released today, Richard Wiles from Morgan Stanley maintained a Sell rating on National Australia Bank Limited (NAUBF – Research Report), with a price target of A$26.60. The company’s shares closed last Thursday at $17.90.
According to TipRanks, Wiles is an analyst with an average return of -4.0% and a 37.35% success rate. Wiles covers the Financial sector, focusing on stocks such as Westpac Banking, ANZ Group Holdings, and Bank of Queensland Limited.
National Australia Bank Limited has an analyst consensus of Hold, with a price target consensus of $18.10.
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NAUBF market cap is currently $56.19B and has a P/E ratio of 11.35.
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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.
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