PSLALLY I agree that $30 is obtainable. With the offshore markets looking green, tomorrow Australian time could be the start of the recovery to $30 AUD.
i would still be concerned about management and the Board. The regulators in Australia will undoubtedly keep the pressure on but $30 AUD is sort of similar to CBA at $68 AUD, NAB at $27, ANZ at $29.
and WBC now looks very cheap compared to the US, Canadian, English and Spanish/ German banks. Albeit those banks in US, Canada and England/ Scotland have probably had 12 years of better regulation since the Great Recession started with Lehman Bros.
I think $30 AUD is about FV for WBC. Sure beats buying NAB or CBA IMHO but pls DYODD.
WBC price target $41, page-33
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Last
$27.82 |
Change
0.140(0.51%) |
Mkt cap ! $96.23B | |||
| Open | High | Low | Value | Volume |
| $27.74 | $28.06 | $27.51 | $162.4M | 5.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10517 | $27.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $27.85 | 33 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| WBC (ASX) Chart |