Credit Suisse Reiterates “Underperform” Rating for Westpac Banking (WBC)
Westpac Banking (ASX:WBC)‘s stock had its “underperform” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Monday, American Banking and Market News reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of Westpac Banking in a research note to investors on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of A$29.46 ($27.79).
Shares of Westpac Banking (ASX:WBC) traded down 0.12% during mid-day trading on Monday, hitting A$32.950. 37,500 shares of the company’s stock traded hands. Westpac Banking has a 52 week low of A$24.080 and a 52 week high of A$34.790. The stock has a 50-day moving average of A$31.35 and a 200-day moving average of A$30.57. The company has a market cap of A$101.6 billion and a P/E ratio of 16.44.
Westpac Banking Corporation (ASX:WBC), incorporated in 1850, is a banking organization.
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