Westpac Banking (WEBNF) Gets a Sell from J.P. Morgan
J.P. Morgan analyst Andrew Triggs maintained a Sell rating on Westpac Banking (WEBNF – Research Report) today and set a price target of A$28.50. The company's shares closed yesterday at $20.20.
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Triggs covers the Financial sector, focusing on stocks such as Macquarie Group Limited, ANZ Group Holdings, and National Australia Bank Limited. According to TipRanks, Triggs has an average return of 3.1% and a 51.58% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Westpac Banking with a $18.59 average price target, which is a -7.97% downside from current levels. In a report released on May 26, Jarden also maintained a Sell rating on the stock with a A$30.00 price target.
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