Westpac Banking (OTCMKTS:WEBNF) Trading Down 0.3% – Time to Sell?

Westpac Banking Co. (OTCMKTS:WEBNF) shares were down 0.3% during trading on Tuesday . The company traded as low as C$24.83 and last traded at C$24.83. Approximately 489 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 2,538 shares. The stock had previously closed at C$24.90.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup upgraded shares of Westpac Banking to a “neutral” rating in a research note on Wednesday, September 10th. The Goldman Sachs Group began coverage on Westpac Banking in a research report on Wednesday, October 8th. They issued a “neutral” rating and a $37.63 price objective for the company. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Westpac Banking Stock Performance

The stock has a 50 day moving average price of C$24.15 and a two-hundred day moving average price of C$21.66.

Westpac Banking Company Profile

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.