Wesfarmers Limited Stock Rating Reaffirmed by Macquarie (WESN)
Wesfarmers Limited (ASX: WESN)‘s stock had its “neutral” rating restated by equities researchers at Macquarie in a report issued on Thursday. They currently have a $36.98 (36 AUD) target price on the stock.
Wesfarmers Limited traded down 1.05% on Thursday, hitting A$38.770. Wesfarmers Limited has a 1-year low of A$29.100 and a 1-year high of A$36.700. The stock’s 50-day moving average is currently A$35.73. The company has a market cap of A$44.860 billion and a price-to-earnings ratio of 21.31.
A number of other firms have also recently commented on WESN. Analysts at Nomura reiterated a “neutral” rating on shares of Wesfarmers Limited in a research note to investors on Tuesday. They now have a $37.50 price target on the stock. Separately, analysts at JPMorgan Chase reiterated an “underweight” rating on shares of Wesfarmers Limited in a research note to investors on Friday, January 25th. They now have a $35.89 price target on the stock.
Wesfarmers Limited is engaged in retailing operations, including supermarkets, general merchandise and specialty department stores; fuel, liquor and convenience outlets; retailing of home improvement and outdoor living products and supply of building materials; retailing of office and technology products; coal mining and production; gas processing and distribution; insurance; industrial and safety product distribution; chemicals and fertilizers manufacture, and investments.
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