Westpac Banking Given “Underperform” Rating at Credit Suisse (WBC)
Westpac Banking (ASX:WBC)‘s stock had its “underperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Tuesday, Stock Ratings 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 assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of A$29.46 ($28.60).
Shares of Westpac Banking (ASX:WBC) traded up 0.53% during mid-day trading on Tuesday, hitting A$34.360. 10,113 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’s 50-day moving average is A$31.35 and its 200-day moving average is A$30.57. The company has a market cap of A$105.9 billion and a price-to-earnings ratio of 17.03.
Westpac Banking Corporation (ASX:WBC), incorporated in 1850, is a banking organization.
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