Australian Banking Sector

Macquarie Research Equities prefers ANZ and Commonwealth Bank (CBA) amongst the majors in the Australian Banking Sector. ANZ Bank has an Outperform recommendation an a 12 month share price target of $28.20. Commonwealth Bank (CBA) also has an Outperform recommendation and have a 12 month stock price target of $46.50. National Australia Bank (NAB) has a Neutral recommendation and a 12 month share price target of $36.30. Westpac (WBC) has a Neutral stock recommendation and a 12 month share price target of $23.75. St. George Bank (SGB) stock also have a Neutral rating with a 12 month share price target of $30.00. In the regional banks, Macquarie prefers Adelaide Bank (ADB).

Commonwealth Bank Limited is listed on the Australian Stock Exchange (ASX) under stock code CBA. St George Bank is listed on the ASX under SGB. Westpac is listed on the ASX under code WBC. ANZ is listed on the ASX under stock code ANZ. Adelaide Bank is listed on the ASX under stock code ADB. National Australia bank is listed under stock code NAB Find out the meaning of the recommendations in this primer. Check your charts!