Bank of America Downgrades Westpac Banking (WBK) to Underperform
A number of other equities analysts also recently weighed in on WBK. Zacks Investment Research raised shares of Westpac Banking from a hold rating to a buy rating and set a $28.00 price target on the stock in a research note on Sunday, January 21st. ValuEngine downgraded shares of Westpac Banking from a buy rating to a hold rating in a research note on Thursday, November 30th. Macquarie raised shares of Westpac Banking from a neutral rating to an outperform rating in a research note on Wednesday, January 17th. JPMorgan Chase & Co. raised shares of Westpac Banking from a neutral rating to an overweight rating in a research note on Tuesday, January 30th. Finally, Morgan Stanley downgraded shares of Westpac Banking from an overweight rating to an equal weight rating in a research note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $28.00.
Westpac Banking (NYSE:WBK) opened at $23.78 on Wednesday. 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 one year low of $22.17 and a one year high of $27.05.
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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