Macquarie Keeps Their Sell Rating on Westpac Banking (WEBNF)
Macquarie analyst Victor German GFA maintained a Sell rating on Westpac Banking (WEBNF – Research Report) today and set a price target of A$28.00. The company's shares closed last Friday at $21.00.
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German GFA covers the Financial sector, focusing on stocks such as Westpac Banking, Bank of Queensland , and National Australia Bank Limited. According to TipRanks, German GFA has an average return of -10.3% and a 34.78% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Westpac Banking with a $18.96 average price target, representing a -9.71% downside. In a report released on April 28, Citi also maintained a Sell rating on the stock with a A$27.75 price target.
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