Westpac Banking Corp (NYSE:WBK) shares gapped up prior to trading 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 traded.

A number of research firms have weighed in on WBK. JPMorgan Chase & Co. lowered shares of Westpac Banking Corp from an “overweight” rating to a “neutral” rating in a research note on Thursday. Zacks Investment Research raised shares of Westpac Banking Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Saturday, April 30th. Credit Agricole SA downgraded shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a report on Thursday, July 7th. Finally, Macquarie upgraded shares of Westpac Banking Corp from a “neutral” rating to an “outperform” rating in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Westpac Banking Corp currently has a consensus rating of “Hold” and an average price target of $26.00.

The firm has a market cap of $77.81 billion and a P/E ratio of 12.56. The firm has a 50 day moving average of $22.53 and a 200 day moving average of $22.46.

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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