Wesfarmers Limited (OTCMKTS:WFAFY – Get Free Report)’s share price traded up 1.2% during mid-day trading on Monday . The stock traded as high as $31.6766 and last traded at $31.64. Approximately 36,032 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 99,963 shares. The stock had previously closed at $31.28.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the company. The Goldman Sachs Group cut Wesfarmers from a “neutral” rating to a “sell” rating in a report on Wednesday, July 1st. Jefferies Financial Group cut Wesfarmers to an “underperform” rating and set a $73.00 price target on the stock. in a research report on Monday, July 27th. Finally, Royal Bank Of Canada assumed coverage on Wesfarmers in a research note on Thursday. They issued an “underperform” rating and a $73.00 price objective on the stock. Three investment analysts have rated the stock with a Sell rating, According to data from MarketBeat, Wesfarmers currently has an average rating of “Strong Sell” and a consensus target price of $73.00.
Check Out Our Latest Stock Analysis on WFAFY
Wesfarmers Stock Up 1.2%
About Wesfarmers
Wesfarmers Limited is one of Australia’s largest diversified corporations, headquartered in Perth, Western Australia. Established in 1914 as a farmers’ cooperative, the company has evolved into a broad-based conglomerate with operations spanning retail, industrials, chemicals, energy and resources. Wesfarmers is listed on the Australian Securities Exchange and trades in the United States over-the-counter under the symbol WFAFY.
In the retail sector, Wesfarmers owns and operates a number of high-profile brands, including Bunnings Warehouse, Kmart, Target and Officeworks.
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