Westpac Banking Corp (NYSE:WBK) gapped up before the market opened on Tuesday . The stock had previously closed at $23.04, but opened at $23.33. Westpac Banking Corp shares last traded at $23.82, with a volume of 67,897 shares trading hands.

Several equities research analysts have issued reports on WBK shares. Zacks Investment Research upgraded shares of Westpac Banking Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 target price for the company in a research report on Saturday, April 30th. Macquarie upgraded shares of Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 24th. Finally, Credit Agricole SA lowered shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a research report on Thursday, July 7th.

The company has a 50-day moving average of $22.48 and a 200-day moving average of $22.46. The firm has a market cap of $79.17 billion and a PE ratio of 12.78.

Westpac Banking Corporation is a banking organization. The Company provides banking and financial services in markets, including consumer, business and institutional banking and wealth management services. It has three segments: Australian Financial Services (AFS), Westpac Institutional Bank (WIB) and Westpac New Zealand.

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