Historically low P/E - anything below $28 is an absolute bargain - average sector P/E is 12.5 - which given current EPS of 233c, looking at ~$29+.
Can't explain why it has fallen this low unless algorithmic trading and a lot of funds trying to pick up and dilute their bank holdings.
If you want to add a bank to your portfolio NOW is the time and WBC is the one to add!
Very undervalued and oversold - picked up a few at $27.61, with $27.60 being today's floor given current market depth.
GLTAH
Why is Westpac share price falling?, page-208
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Last
$25.98 |
Change
0.050(0.19%) |
Mkt cap ! $90.13B | |||
| Open | High | Low | Value | Volume |
| $26.15 | $26.15 | $25.92 | $217.5M | 8.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 134619 | $25.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.00 | 5957 | 3 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$26.02 |
Change
0.050 ( 0.54 %) |
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| Open | High | Low | Volume | ||
| $26.09 | $26.10 | $25.92 | 1312413 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| WBC (ASX) Chart |