NAB cut to Hold
With its share price recovering a little, we're moving NAB back to Hold.
Recommendation
National Australia Bank Limited -
NAB
Buy
below 25.00
Hold
up to 40.00
Sell
above 40.00
HOLD at $26.31
Current price
$34.64 at 16:40 (28 March 2024)
Price at review
$26.31 at (21 July 2016)
Max Portfolio Weighting
10%
Business Risk
Medium
Share Price Risk
Medium
All Prices are in AUD ($)
NAB shares have risen 8% since we upgraded them to Buy on 27 June amid the fallout from the UK's Brexit referendum. That puts them about 5% above our Buy price and we're downgrading to HOLD.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
Recommendation
National Australia Bank Limited -
NAB
Buy
below 25.00
Hold
up to 40.00
Sell
above 40.00
HOLD at $26.31
Current price
$34.64 at 16:40 (28 March 2024)
Price at review
$26.31 at (21 July 2016)
Max Portfolio Weighting
10%
Business Risk
Medium
Share Price Risk
Medium
All Prices are in AUD ($)
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