Westpac Banking (OTCMKTS:WEBNF) Stock Price Down 0.4% – Should You Sell?

Westpac Banking Co. (OTCMKTS:WEBNF)’s stock price was down 0.4% during trading on Friday . The stock traded as low as C$22.84 and last traded at C$24.40. Approximately 550 shares traded hands during trading, a decline of 77% from the average daily volume of 2,443 shares. The stock had previously closed at C$24.50.

Analyst Ratings Changes

A number of brokerages have recently commented on WEBNF. Citigroup upgraded Westpac Banking to a “neutral” rating in a research report on Wednesday, September 10th. The Goldman Sachs Group assumed coverage on Westpac Banking in a report on Wednesday, October 8th. They set a “neutral” rating and a $37.63 target price on the stock. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Westpac Banking Price Performance

The stock has a 50 day moving average price of C$24.91 and a two-hundred day moving average price of C$22.96.

About Westpac Banking

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. 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.