Wesfarmers Limited Given Underweight Rating at JPMorgan Chase & Co. (WES)
Wesfarmers Limited (ASX:WES)‘s stock had its “underweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Monday, AnalystRatingsNetwork reports.
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, January 2nd. They now have a $37.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of A$44.50 ($40.09).
Wesfarmers Limited (ASX:WES) opened at 43.700 on Monday. Wesfarmers Limited has a 1-year low of A$37.1912 and a 1-year high of A$44.8056. The stock’s 50-day moving average is A$43.01 and its 200-day moving average is A$42.01. The company has a market cap of A$49.943 billion and a price-to-earnings ratio of 22.15.
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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