Wesfarmers Limited Stock Rating Reaffirmed by JPMorgan Chase & Co. (WES)
Wesfarmers Limited (ASX:WES)‘s stock had its “underweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a report released on Tuesday, American Banking and Market News reports.
Wesfarmers Limited (ASX:WES) traded down 0.55% during mid-day trading on Tuesday, hitting A$43.150. The stock had a trading volume of 922,040 shares. Wesfarmers Limited has a 52 week low of A$37.1912 and a 52 week high of A$44.8056. The stock has a 50-day moving average of A$43.01 and a 200-day moving average of A$42.01. The company has a market cap of A$49.314 billion and a price-to-earnings ratio of 21.91.
Other equities research analysts have also recently issued reports about the stock. 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 research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of A$44.50 ($39.04).
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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