UBS Keeps Their Buy Rating on Westpac Banking (WEBNF)
UBS analyst John Storey maintained a Buy rating on Westpac Banking (WEBNF – Research Report) today and set a price target of A$36.00. The company's shares closed last Friday at $21.00.
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According to TipRanks, Storey is an analyst with an average return of -10.3% and a 29.23% success rate. Storey covers the Financial sector, focusing on stocks such as Westpac Banking, Bendigo & Adelaide Bank, and Macquarie Group Limited.
Westpac Banking has an analyst consensus of Moderate Sell, with a price target consensus of $19.03.
Based on Westpac Banking's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $10.82 billion and a net profit of $3.64 billion. In comparison, last year the company earned a revenue of $10.38 billion and had a net profit of $3.2 billion
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