Morningstar reaffirmed their fair value rating on shares of Wesfarmers Limited (ASX:WES) in a report released on Wednesday, Analyst Ratings News reports. Morningstar currently has a $37.00 price objective on the stock.
A number of other analysts have also recently weighed in on WES. Analysts at Credit Agricole reiterated a buy rating on shares of Wesfarmers Limited in a research note to investors on Tuesday, October 22nd. They now have a $52.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Wesfarmers Limited presently has a consensus rating of Hold and a consensus target price of A$44.50 ($39.73).
Wesfarmers Limited (ASX:WES) opened at 43.790 on Wednesday. Wesfarmers Limited has a one year low of A$37.1203 and a one year high of A$44.8056. The stock has a 50-day moving average of A$43.0 and a 200-day moving average of A$41.49. The company has a market cap of A$50.046 billion and a price-to-earnings ratio of 21.98.
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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