National Australia Bank Limited (NAUBF) Gets a Hold from Morgan Stanley
In a report released today, Richard Wiles from Morgan Stanley maintained a Hold rating on National Australia Bank Limited (NAUBF – Research Report), with a price target of A$35.00. The company's shares closed last Tuesday at $19.88.
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Wiles covers the Financial sector, focusing on stocks such as Westpac Banking, ANZ Group Holdings, and National Australia Bank Limited. According to TipRanks, Wiles has an average return of -9.1% and a 27.61% success rate on recommended stocks.
In addition to Morgan Stanley, National Australia Bank Limited also received a Hold from UBS's John Storey in a report issued on May 7. However, on May 8, Morgans maintained a Sell rating on National Australia Bank Limited (Other OTC: NAUBF).
Based on National Australia Bank Limited's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.11 billion and a net profit of $3.47 billion. In comparison, last year the company earned a revenue of $27.86 billion and had a net profit of $3.45 billion
Based on the recent corporate insider activity of 9 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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