Westpac Banking (NYSE:WBK) Downgraded by ValuEngine
A number of other equities analysts also recently weighed in on WBK. CLSA downgraded Westpac Banking from an underperform rating to a sell rating in a research report on Monday, May 6th. Zacks Investment Research downgraded Westpac Banking from a hold rating to a sell rating in a research report on Thursday, August 8th. Finally, Morgan Stanley raised Westpac Banking from an underweight rating to an equal weight rating in a research report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold.
Shares of NYSE WBK opened at $18.76 on Monday. The business’s 50 day moving average price is $19.58 and its two-hundred day moving average price is $19.13. The company has a market cap of $64.27 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 8.92 and a beta of 0.98. Westpac Banking has a twelve month low of $16.41 and a twelve month high of $22.16.
About Westpac Banking
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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