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Jarden Reaffirms Their Hold Rating on Westpac Banking (WEBNF)

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The company’s shares closed last Monday at $17.00.

According to TipRanks.com, Cacho is ranked #5331 out of 7881 analysts.

Currently, the analyst consensus on Westpac Banking is a Hold with an average price target of $17.35, which is a 3.3% upside from current levels. In a report issued on May 9, Jefferies also upgraded the stock to Hold with a price target.

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Based on Westpac Banking’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

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Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer Bank, Business Bank, BT Financial Group (Australia), Westpac Institutional Bank, Westpac New Zealand and Group Businesses. The Consumer Bank segment covers consumer banking products and services under the Westpac, St. George, BankSA, Bank of Melbourne and RAMS brands. The Business Bank segment involves in sales and customer service of small-to-medium enterprise, commercial and agribusiness customers under the Westpac, St.George, Bank of Melbourne and BankSA brands. The BT Financial Group (Australia) segment manages wealth and insurance division. The Westpac Institutional Bank segment delivers a range of financial services to commercial, corporate, institutional, and government customers. The Westpac New Zealand segment comprises sales and service of banking, wealth, and insurance products for consumer, business, and institutional customers. The Group Businesses segment treasury which is responsible for the management of the Group’s balance sheet, group technology which includes functions for the Australian businesses, and core support which covers functions performed centrally, including Australian banking operations, property services, strategy, finance, risk, compliance, legal, human resources, and customer and corporate relations. The company was founded in 1817 and is headquartered in Sydney, Australia.

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