Wesfarmers Limited’s “Buy” Rating Reaffirmed at Credit Agricole (WES)
Wesfarmers Limited (ASX:WES)‘s stock had its “buy” rating restated by equities researchers at Credit Agricole in a research report issued on Monday, ARN reports. They currently have a $52.00 price objective on the stock.
A number of other analysts have also recently weighed in on WES. Analysts at CIMB reiterated an “underperform” rating on shares of Wesfarmers Limited in a research note to investors on Sunday, September 1st.
Shares of Wesfarmers Limited (ASX:WES) traded up 0.60% during mid-day trading on Monday, hitting A$41.850. 1,035,989 shares of the company’s stock traded hands. Wesfarmers Limited has a 52-week low of A$0.000 and a 52-week high of A$0.000. The stock has a 50-day moving average of A$0.0 and a 200-day moving average of A$0.0. The company has a market cap of A$48.429 billion and a price-to-earnings ratio of 21.27.
Wesfarmers Limited is engaged in retailing operations, including supermarkets, general merchandise and specialty department stores; fuel, liquor and convenience outlets; retailing of home improvement and outdoor living products and supply of building materials; retailing of office and technology products; coal mining and production; gas processing and distribution; insurance; industrial and safety product distribution; chemicals and fertilizers manufacture, and investments.
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