Westpac Banking Corporation – Consensus shows potential up 29.8%

Westpac Banking Corporation, which was determined using the ticker (WBK), now has 1 analysts covering the stock. The analyst consensus suggests a rating of ‘Strong_Buy’. The price target is between 24.34 and 24.34 and has an average target of 24.34. Given that the stock’s previous closing price was 18.75, this suggests a potential upside of 29.8%. There is a 50-day moving average of 18.54 and a 200-day moving average of 19.22. The company has a market capitalization of $ 69,752 million. Company website: http://www.westpac.com.au

Westpac Banking Corporation provides a variety of banking and financial services in Australia, New Zealand and internationally. The company operates in four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses and Group Businesses. It offers everyday banking, savings accounts, time deposits, business transactions, foreign exchange and specialty accounts; Home, personal and business loans; Credit cards; international and travel services; Stock trading services; Investment; and home, auto, travel, life and business insurance products. The company also provides merchant and payments, corporate and institutional services, transaction banking, financial markets, corporate and structured finance, trade and supply chain finance, and industry-specific banking and treasury services, and online banking services. It serves individuals; Micro, small and medium-sized enterprises; commercial business customers and private wealth customers; and commercial, corporate, institutional, and government customers. The company was formerly known as the Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.

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