Credit Agricole Reiterates Buy Rating for Wesfarmers Limited (WES)
Wesfarmers Limited (ASX:WES)‘s stock had its “buy” rating reiterated by investment analysts at Credit Agricole in a note issued to investors on Tuesday, American Banking News.com reports. They currently have a $52.00 price target on the stock.
WES has been the subject of a number of other recent research reports. Analysts at CIMB reiterated an “underperform” rating on shares of Wesfarmers Limited in a research note to investors on Sunday, September 1st.
Wesfarmers Limited (ASX:WES) traded up 0.24% during mid-day trading on Tuesday, hitting A$42.020. The stock had a trading volume of 4,632,292 shares. Wesfarmers Limited has a one year low of A$0.000 and a one year high of A$0.000. The stock’s 50-day moving average is A$0.0 and its 200-day moving average is A$0.0. The company has a market cap of A$48.625 billion and a price-to-earnings ratio of 21.43.
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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