Westpac Banking (NYSE: WBK) It was upgraded by Citigroup investment analysts of "neutral" rating to "buy" degree in a report published on Tuesday, November 6th, MarketBeat.com reports.
WBK has been the subject of several other reports. Zacks Banking Westpac Investment Research rose from a "sell" rating to a "buy" degree and set a price objective of $ 25.00 to the company in a report on Sunday, July 15th. Macquarie Banking Westpac broke a "exceed" score to "neutral" rating in a report on Friday, August 17th. Three analysts have rated the stock with a sales scale, three have scored and two have rated the company's stock. The stock currently has a consensual rate of "Hold" and an average price target of $ 25.00.
WBK stock shares were opened at $ 18.42 on Tuesday. Westpac Banking has twelve months low of $ 18.22 and twelve months higher than $ 25.59. The company has market capitalization of $ 64.46 billion, price-to-earnings ratio of 10.59, P / E / G ratio of 5.64 and beta from 1.20. The company has a current ratio of 1.26, a fast ratio of 1.26 and a debt-to-equity ratio of 2.67.
Many major investors have recently made changes to their jobs in the company. Signaturefd LLC grew its position in Westpac Banking by 28.2% during the second quarter. Signaturefd LLC now owns 12,394 shares of bank stock sold at $ 269,000 after the acquisition of 2,728 additional shares during the period. Suntrust Banks Inc. grew its position in Westpac Banking by 27.0% during the first quarter. Suntrust Banks Inc. now owns 13,842 shares of the bank stock valued at $ 306,000 after the acquisition of 2,945 additional shares during the period. Gilman Hill Asset Management LLC grew its position in Westpac Banking by 5.0% during the third quarter. Gilman Hill Asset Management LLC now owns 64,465 shares of bank stock valued at $ 1,290,000 after the acquisition of 3,055 additional shares during the period. Consultant Partners LLC increased its position in Westpac Banking by 19.2% during the third quarter. Partner Partners LLC now owns 20,779 shares of bank stock valued at $ 416,000 after the acquisition of 3,344 additional shares during the period. Finally, Assetmark Inc. grew its position in Westpac Banking by 6.5% during the third quarter. Assetmark Inc now owns 54,991 shares of bank stock sold at $ 1,100,000 after the acquisition of 3,368 additional shares during the period. 0.56% of the stock is owned by institutional investors and hedge funds.
About Westpac Banking
The Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific Ocean region, and internationally. It operates through five sections: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and New Zealand Westpac. Offers banking, savings, season deposit, moving to Australia, under 21s and business, business, community solutions, non-profit savings, and foreign currency accounts; season management, tailoring and farms; debit, credit and ride cards; home, personal, investment, small businesses and commercial loans; and equipment, automotive premium vehicle services, cash flow, property and insurance premium.
Read More: Floating
Receive News and Minutes for Westpac Banking Daily – Enter your email address below for a summary daily summary of the latest news ratings and analysts for Westpac Banking and related companies with the FREE daily email newsletter MarketBeat.com.