Are Analysts Bearish Westpac Banking Corporation (NYSE:WBK) After Last Week?

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Westpac Banking Corporation (NYSE:WBK) Ratings Coverage

Among 2 analysts covering Westpac Banking (NYSE:WBK), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Westpac Banking had 2 analyst reports since November 6, 2018 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Thursday, January 10. Citigroup upgraded Westpac Banking Corporation (NYSE:WBK) on Tuesday, November 6 to “Buy” rating. Below is a list of Westpac Banking Corporation (NYSE:WBK) latest ratings and price target changes.

10/01/2019 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade
06/11/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

The stock increased 0.45% or $0.08 during the last trading session, reaching $18.56. About 202,172 shares traded. Westpac Banking Corporation (NYSE:WBK) has declined 23.97% since January 14, 2018 and is downtrending. It has underperformed by 23.97% the S&P500.

Westpac Banking Corporation provides banking and financial services worldwide. The company has market cap of $63.16 billion. The firm operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It has a 10.91 P/E ratio. The Company’s personal banking services include savings accounts, term deposits, and student accounts; home, personal, and investment loans, as well as credit and currency cards; and home and content, landlord, car, travel, boat, caravan and trailer, life, credit and loan repayment, and income protection insurance products.

Another recent and important Westpac Banking Corporation (NYSE:WBK) news was published by which published an article titled: “WBK Named Top 10 SAFE International Dividend Stock – Forbes” on November 13, 2015.

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