Westfield Group’s Buy Rating Reaffirmed at Moelis & Company (WDC)

Westfield Group (ASX: WDC)‘s stock had its “buy” rating reiterated by equities research analysts at Moelis & Company in a research note issued to investors on Friday. They currently have a $10.85 (11 AUD) price target on the stock.

WDC has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase reiterated a “neutral” rating on shares of Westfield Group in a research note to investors on Thursday. They now have a $11.03 price target on the stock. Finally, analysts at Macquarie reiterated an “underperform” rating on shares of Westfield Group in a research note to investors on Wednesday, December 19th. They now have a $10.71 price target on the stock.

Westfield Group traded down 0.89% on Friday, hitting A$11.100. Westfield Group has a 1-year low of A$8.560 and a 1-year high of A$11.400. The stock’s 50-day moving average is currently A$10.88. The company has a market cap of A$25.026 billion and a price-to-earnings ratio of 14.97.

Westfield Group is engaged in ownership, development, design, construction, funds/asset management, leasing and marketing activities undertaken with respect to its global portfolio of retail properties.

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