The price of the National Australia Bank stock (NAB) has been on the rise for the past year and analysts foresee a continuation of the bullish trend at least in the first quarter of 2022 following the performance of the bank.
To help stock traders eying the National Australia Bank stock (NAB), Invezz has created a brief article on what it is and the best places to buy it.
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Best places to buy NAB stock
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What is NAB stock?
NAB stock is the stock of National Australia Bank and it trades on the Australian Stock Exchange under the ticker ASX: NAB.
In a nutshell, the National Australia Bank is one of the four largest financial institutions in Australia in terms of market earnings, customers, and capitalization. In 2019, it was ranked the 21st largest bank in terms of market capitalization and the 52nd largest bank in terms of total assets.
Should I buy the NAB stock today?
If you are looking to take advantage of a stock whose price has been on a constant rise, then the $NAB stock could be a good choice.
However, it has started the day on with a slight drop of -0.01 (-0.03%) and you should invest wisely in case its price is prepping for a pullback.
NAB stock price prediction
Based on a forecast from several stock analysts, the price of National Australia Bank stock (NAB) is expected to continue with its current Bull Run at least for the remaining part of February. It is expected to hit 31.0 AUD by the end of February if it maintains the uptrend.
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