Westpac Banking Rating Reiterated by Credit Suisse (WBC)
Westpac Banking (ASX:WBC)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse in a report released on Wednesday, Analyst Ratings News reports.
Westpac Banking (ASX:WBC) opened at 34.580 on Wednesday. Westpac Banking has a one year low of A$24.230 and a one year high of A$34.980. The stock’s 50-day moving average is A$33.17 and its 200-day moving average is A$31.17. The company has a market cap of A$106.6 billion and a P/E ratio of 17.09.
Separately, 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 assigned a hold rating and one has given a buy rating to the stock. Westpac Banking currently has an average rating of “Hold” and a consensus price target of A$29.46 ($28.33).
Westpac Banking Corporation (ASX:WBC), incorporated in 1850, is a banking organization.