Zacks Investment Research downgraded Westpac Banking Corp (ADR) (NYSE:WBK) to Hold in a report released today.
- Updated: October 12, 2016
Zacks Investment Research has downgraded Westpac Banking Corp (ADR) (NYSE:WBK) to Hold in a report released on 10/12/2016.
Just yesterday Westpac Banking Corp (ADR) (NYSE:WBK) traded 1.17% higher at $23.16. Westpac Banking Corp (ADR)’s 50-day moving average is $22.67 and its 200-day moving average is $22.59. The last closing price is up 2.91% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 23,961 shares of WBK traded hands, down from an average trading volume of 130,305
Recent Performance Chart
Westpac Banking Corp (ADR) has 52 week low of $19.83 and a 52 week high of $25.32 with a PE ratio of 12.59 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 1 broker has issued a research note on the company. The average stock price target is $26.10 with 1 broker rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Westpac Banking Corp (ADR) (NYSE:WBK)
Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand. It provides banking products under the Westpac and WIB brands, and insurance and wealth products under Westpac Life and BT brands. Its other divisions include Westpac Pacific, Group Services, Treasury and Core Support. The AFS segment includes its Australian retail banking, business banking and wealth operations. The WIB segment delivers financial services to commercial, corporate, institutional and government customers. The Westpac New Zealand segment includes sales and service of banking, wealth and insurance products for consumers, business and institutional customers in New Zealand. It offers its services in Fiji, Papua New Guinea, Vanuatu and Solomon Islands.
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