Westpac Banking Stock Rating Reaffirmed by Deutsche Bank (WBC)
Westpac Banking (ASX:WBC)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, American Banking & Market News reports. They currently have a $33.65 price objective on the stock.
Shares of Westpac Banking (ASX:WBC) traded down 1.02% during mid-day trading on Friday, hitting A$31.120. 4,046,578 shares of the company’s stock traded hands. Westpac Banking has a 52 week low of A$27.150 and a 52 week high of A$34.980. The stock’s 50-day moving average is A$31.68 and its 200-day moving average is A$31.96. The company has a market cap of A$96.340 billion and a price-to-earnings ratio of 14.59.
Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of Westpac Banking in a research note to investors on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of A$31.01 ($27.20).
Westpac Banking Corporation (ASX:WBC), incorporated in 1850, is a banking organization.
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