Morgan Stanley downgraded shares of Westpac Banking (NYSE:WBK) from an overweight rating to an equal weight rating in a research report released on Friday, Marketbeat Ratings reports.
WBK has been the topic of a number of other research reports. JPMorgan Chase & Co. upgraded shares of Westpac Banking from a neutral rating to an overweight rating in a report on Tuesday, January 30th. Zacks Investment Research reiterated a hold rating on shares of Westpac Banking in a report on Saturday, January 13th. Macquarie upgraded shares of Westpac Banking from a neutral rating to an outperform rating in a report on Wednesday, January 17th. ValuEngine lowered shares of Westpac Banking from a buy rating to a hold rating in a report on Thursday, November 30th. Finally, Credit Suisse Group lowered shares of Westpac Banking from an outperform rating to a neutral rating in a report on Monday, November 6th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $28.00.
Westpac Banking (WBK) opened at $23.84 on Friday. Westpac Banking has a 1-year low of $22.17 and a 1-year high of $27.05. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.26 and a quick ratio of 1.26.
Westpac Banking Company Profile
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.
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