Westpac Banking Corp (ADR) (NYSE:WBK) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: December 1, 2016
Boasting a price of $23.46, Westpac Banking Corp (ADR) (NYSE:WBK) traded 0.56% higher on the day. With the last stock price close up 3.53% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Westpac Banking Corp (ADR) has recorded a 50-day average of $23.27 and a two hundred day average of $22.65. Volume of trade was down over the average, with 19,906 shares of WBK changing hands under the typical 114,603
Zacks Investment Research has upgraded Westpac Banking Corp (ADR) (NYSE:WBK) to Hold in a statement released on 12/1/2016.
With a total market value of $0, Westpac Banking Corp (ADR) has price-earnings ratio of 14.70 with a one year low of $19.83 and a one year high of $25.32 .
A total of 1 equity analyst has released a research note on WBK. One equity analyst rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $26.10.
Brief Synopsis About Westpac Banking Corp (ADR) (NYSE:WBK)
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. The Company's segments include Consumer Bank, Business Bank, BT Financial Group (BTFG), Westpac Institutional Bank (WIB) and Westpac New Zealand. The Company has branches throughout Australia, New Zealand, Asia and in the Pacific region. The Company through its division offers its services under various brands, such as Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands.
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