WBC 1.48% $31.92 westpac banking corporation

WBC price target $41, page-4

  1. 2,702 Posts.
    lightbulb Created with Sketch. 475
    Other than hope and prayer, can you please tell us the basis for your $41 target. What EPS figure are you using to get the nice round figure of $41? My guess is at the moment you have no idea and until some further clarity no one else does either.
    In my opinion it will probably recover some of the recent losses as the price is getting to oversold levels, but that's just in the short term, what happens after that?

    I noticed that you curiously left out TLS as an example, the bluest of blue chips. If it wasn't for the ultra low interest rate environment the share price would arguably be lower now and further away from the lofty levels it used to trade at before it had to cut its dividend.

    Investors have been indoctrinated into believing that bank share will always go up without ever thinking about the possibility of dividend cuts and share prices.

    Everyone should their research elsewhere and not fall for number plucked out of thin air.
 
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Last
$31.92
Change
-0.480(1.48%)
Mkt cap ! $109.7B
Open High Low Value Volume
$32.40 $32.40 $31.82 $175.6M 5.488M

Buyers (Bids)

No. Vol. Price($)
5 10729 $31.91
 

Sellers (Offers)

Price($) Vol. No.
$31.92 2867 1
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Last trade - 16.10pm 05/11/2024 (20 minute delay) ?
WBC (ASX) Chart
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