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The latest update is out from National Australia Bank Limited ( (AU:NAB) ).
National Australia Bank Limited has applied to the ASX for quotation of 530,840 fully paid ordinary shares, with the securities previously issued under an employee incentive scheme and now having their transfer restrictions ceased or about to cease. The additional quoted shares modestly increase NAB’s free float and reflect the bank’s ongoing use of equity-based remuneration, aligning employees’ interests with shareholders and incrementally expanding the stock available for trading on the market.
The most recent analyst rating on (AU:NAB) stock is a Sell with a A$32.56 price target. To see the full list of analyst forecasts on National Australia Bank Limited stock, see the AU:NAB Stock Forecast page.
More about National Australia Bank Limited
National Australia Bank Limited is one of Australia’s largest financial institutions, operating in the banking and financial services industry with a focus on retail, business and institutional banking. Listed on the ASX under the code NAB, it provides a broad range of banking products and services to customers in Australia and internationally.
YTD Price Performance: 19.44%
Average Trading Volume: 4,078,444
Technical Sentiment Signal: Buy
Current Market Cap: A$129.8B
See more data about NAB stock on TipRanks’ Stock Analysis page.