Jarden analyst Matthew Wilson downgraded National Australia Bank Limited (NAUBF – Research Report) to a Sell yesterday and set a price target of A$30.00. The company’s shares closed last Friday at $20.03.

According to TipRanks, Wilson is a 3-star analyst with an average return of 5.2% and a 46.15% success rate. Wilson covers the Financial sector, focusing on stocks such as ANZ Group Holdings, National Australia Bank Limited, and Macquarie Group Limited.

Currently, the analyst consensus on National Australia Bank Limited is a Moderate Sell with an average price target of $21.22, representing a 5.97% upside. In a report released on March 10, Morgans also maintained a Sell rating on the stock with a A$29.07 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.