Westpac (WBK) Reaches New 52-Week High and Low at $21.13
Westpac (NYSE:WBK) reached a new 52-week high and low during trading on Thursday . The stock traded as low as $21.13 and last traded at $21.20, with a volume of 279125 shares. The stock had previously closed at $21.97.
Several equities research analysts have recently commented on the company. UBS cut Westpac from a “neutral” rating to a “sell” rating in a research note on Thursday. ValuEngine cut Westpac from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut Westpac from a “hold” rating to a “sell” rating in a research report on Wednesday, March 21st. Bank of America cut Westpac from a “buy” rating to an “underperform” rating in a research report on Wednesday, March 7th. Finally, Morgan Stanley lowered Westpac from an “overweight” rating to an “equal weight” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Westpac has a consensus rating of “Hold” and an average price target of $28.00.
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 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, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services.
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