Is This Stock a Screaming Buy: Westpac Banking Corporation (NYSE:WBK)

Equity Research firms currently have a positive stance on shares of Westpac Banking Corporation (NYSE:WBK). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.00. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $26.41 on a short term basis.

At the time of writing, the stock was trading at $23.20. This represents a change from the opening price of -0.22%. In terms of performance, year to date, the stock is -4.75%. The monthly stock performance comes in at 0.70%. For the quarter, shares are performing at 6.75%. Weekly performance analysis shows the equity at 1.94%.

In taking a look at technical levels, shares are trading 1.66% away from the 50 day simple moving average and 3.08% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -8.37% away from it’s 52- week high and 16.99% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Westpac Banking Corporation’s RSI stands at 55.67. In looking at volatility levels, the shares saw weekly volatility of 0.95% and 1.21% over the past month.

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