Westpac Banking Corp (NYSE:WBK)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $22.62, but opened at $22.93. Westpac Banking Corp shares last traded at $23.24, with a volume of 45,727 shares traded.

A number of research firms have recently issued reports on WBK. JPMorgan Chase & Co. cut shares of Westpac Banking Corp from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 11th. Zacks Investment Research raised shares of Westpac Banking Corp from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Saturday, April 30th. Macquarie raised 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 cut shares of Westpac Banking Corp from an “underperform” rating to a “sell” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $26.00.

The firm has a 50 day moving average price of $22.83 and a 200-day moving average price of $22.57. The firm has a market cap of $77.18 billion and a P/E ratio of 12.43.

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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