Westpac Banking (OTCMKTS:WEBNF) Shares Down 1%

Westpac Banking Co. (OTCMKTS:WEBNF) traded down 1% on Friday . The stock traded as low as C$13.75 and last traded at C$13.79. 5,890 shares traded hands during trading, an increase of 33% from the average session volume of 4,445 shares. The stock had previously closed at C$13.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup cut Westpac Banking to a “neutral” rating in a research note on Monday, May 15th. The Goldman Sachs Group downgraded shares of Westpac Banking from a “conviction-buy” rating to a “neutral” rating in a report on Wednesday, June 28th.

Westpac Banking Stock Performance

The firm’s fifty day moving average price is C$14.20 and its 200-day moving average price is C$14.34.

About Westpac Banking

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.