Wesfarmers Limited Stock Rating Reaffirmed by JPMorgan Chase & Co. (WES)
Wesfarmers Limited (ASX:WES)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Sunday, Analyst Ratings Net reports.
Wesfarmers Limited (ASX:WES) traded down 0.16% during mid-day trading on Friday, hitting A$43.980. The stock had a trading volume of 1,107,077 shares. Wesfarmers Limited has a 1-year low of A$37.1203 and a 1-year high of A$44.8056. The stock’s 50-day moving average is A$43.07 and its 200-day moving average is A$41.51. The company has a market cap of A$50.263 billion and a price-to-earnings ratio of 22.25.
A number of other analysts have also recently weighed in on WES. Analysts at Morningstar reiterated a “fair value” rating on shares of Wesfarmers Limited in a research note to investors on Thursday. They now have a $37.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of A$44.50 ($39.38).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.