Westpac Banking (WBK) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media headlines about Westpac Banking (NYSE:WBK) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Westpac Banking earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news articles about the bank an impact score of 45.7494881611341 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Westpac Banking Corp (WBK) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Bank shareholders already royally annoyed as commission hearings begin today (adelaidenow.com.au)
- Giving Up On Westpac Banking (seekingalpha.com)
- Want To Invest In Westpac Banking Corporation (ASX:WBCPC)? Here’s How It Performed Lately (finance.yahoo.com)
- Commonwealth Bank interim profit falls on scandal costs (sg.news.yahoo.com)
A number of equities research analysts recently weighed in on WBK shares. Zacks Investment Research lowered Westpac Banking from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. 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. ValuEngine lowered Westpac Banking from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. Finally, JPMorgan Chase & Co. upgraded Westpac Banking from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.00.
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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