Westpac Banking Corp (NYSE:WBK) has earned a consensus recommendation of “Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $28.00.
WBK has been the topic of a number of research analyst reports. Zacks Investment Research lowered Westpac Banking from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Credit Suisse Group lowered Westpac Banking from an “outperform” rating to a “neutral” rating in a research report on Monday, November 6th. Macquarie upgraded Westpac Banking from a “neutral” rating to an “outperform” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. upgraded Westpac Banking from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 30th. Finally, ValuEngine lowered Westpac Banking from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th.
Shares of Westpac Banking (WBK) remained flat at $$23.79 during midday trading on Tuesday. The stock had a trading volume of 67,931 shares, compared to its average volume of 264,180. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.74. Westpac Banking has a 1-year low of $22.17 and a 1-year high of $27.05.
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About Westpac Banking
Westpac Banking Corporation is a banking organization. The Company provides a range of banking and financial services in markets, including consumer, business and institutional banking and wealth management services. The Company is engaged in the provision of financial services, including lending, deposit taking, payments services, investment portfolio management and advice, superannuation and funds management, insurance services, leasing finance, general finance, interest rate risk management and foreign exchange services.
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