Share on StockTwits

Bendigo and Adelaide Bank Limited (ASX:BEN)‘s stock had its “equal weight” rating restated by analysts at Morgan Stanley in a research report issued to clients and investors on Wednesday.

Bendigo and Adelaide Bank Limited (ASX:BEN) traded up 0.16% on Wednesday, hitting A$12.700. 1,743,438 shares of the company’s stock traded hands. Bendigo and Adelaide Bank Limited has a one year low of A$9.810 and a one year high of A$12.800. The stock’s 50-day moving average is A$12.42 and its 200-day moving average is A$11.69. The company has a market cap of A$5.534 billion and a price-to-earnings ratio of 15.17.

A number of other analysts have also recently weighed in on BEN. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Bendigo and Adelaide Bank Limited in a research note on Sunday. They now have a $12.00 price target on the stock.

Bendigo and Adelaide Bank Limited (ASX:BEN) is engaged in the range of banking and other financial services, including retail banking, mortgage distribution through third-parties, business lending, margin lending, business banking and commercial finance, invoice discounting, funds management, treasury and foreign exchange services (including trade finance), superannuation, financial advisory and trustee services.

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.