Shares of Westpac Banking Co. (NYSE:WBK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $18.98 and last traded at $18.98, with a volume of 200 shares. The stock had previously closed at $18.70.
A number of research firms have recently weighed in on WBK. Jefferies Financial Group upgraded shares of Westpac Banking from an “underperform” rating to a “hold” rating in a report on Wednesday, February 17th. Morgan Stanley upgraded shares of Westpac Banking from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 16th. Finally, Zacks Investment Research raised shares of Westpac Banking from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $20.00.
The stock has a market cap of $65.26 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 7.01 and a beta of 0.99. The stock’s fifty day moving average is $16.66 and its 200-day moving average is $14.20.
Westpac Banking Company Profile (NYSE:WBK)
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses, and Group Businesses. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products.
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