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Jarden upgrades National Australia Bank Limited (NAUBF) to a Buy | Markets Insider

Published 1 day ago2 minute read

National Australia Bank Limited (NAUBFResearch Report) received a Buy rating and a A$38.00 price target from Jarden analyst Matthew Wilson on March 14. The company’s shares closed last Friday at $20.03.

Wilson covers the Financial sector, focusing on stocks such as ANZ Group Holdings, National Australia Bank Limited, and Macquarie Group Limited. According to TipRanks, Wilson has an average return of 5.2% and a 46.15% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for National Australia Bank Limited with a $21.22 average price target, implying a 5.97% upside from current levels. In a report released yesterday, Morgan Stanley also maintained a Buy rating on the stock with a A$37.40 price target.

Based on National Australia Bank Limited’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.79 billion and a net profit of $3.54 billion. In comparison, last year the company earned a revenue of $23.84 billion and had a net profit of $3.97 billion

Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NAUBF in relation to earlier this year.

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