Westfield Group Receives Buy Rating from Deutsche Bank (WDC)
Westfield Group (ASX:WDC)‘s stock had its “buy” rating reiterated by research analysts at Deutsche Bank in a report released on Thursday, AnalystRatingsNetwork.com reports.
Shares of Westfield Group (ASX:WDC) traded down 0.09% during mid-day trading on Thursday, hitting A$11.040. The stock had a trading volume of 9,228,903 shares. Westfield Group has a 52-week low of A$9.530 and a 52-week high of A$12.550. The stock’s 50-day moving average is A$11.40 and its 200-day moving average is A$11.32. The company has a market cap of A$23.873 billion and a price-to-earnings ratio of 17.27.
A number of other firms have also recently commented on WDC. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Westfield Group in a research note to investors on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of A$10.32 ($9.73).
Westfield Group is engaged in ownership, development, design, construction, funds/asset management, leasing and marketing activities undertaken with respect to its global portfolio of retail properties.
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