Westpac Banking Downgraded to Neutral at Citigroup Inc. (WBK)
Westpac Banking (NYSE:WBK) was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
A number of other firms have also recently commented on WBK. Analysts at Bank of America downgraded shares of Westpac Banking from a “buy” rating to a “neutral” rating in a research note on Thursday, March 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold”.
Shares of Westpac Banking (NYSE:WBK) opened at 33.18 on Monday. Westpac Banking has a 52-week low of $24.976 and a 52-week high of $35.118. The stock has a 50-day moving average of $31.70 and a 200-day moving average of $30.25. The company has a market cap of $102.7 billion and a P/E ratio of 14.92.
Westpac Banking Corporation (NYSE:WBK) is a banking organization.
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