Wesfarmers (WES) Stock Recommendation

Citigroup have retained their Hold, Medium risk recommendation for the Wesfarmers (WES) stock. The broker notes that the result was as expected with EPS still having some room for improvement. UBS have maintained their rating for the stock with a Reduce 1 with a share price target of $31.50 and a valuation of $30.12.

Wesfarmers Limited is listed on the Australian Stock Exchange (ASX) under stock code WES. You can view their investor website here. Wesfarmers is a diversified industrial with interests in chemical and fertiliser manufacture; gas processing and distribution; coal mining and production; building materials, hardware, industrial and safety products and services; rail transport and insurance. Find out the meaning of the recommendations in this primer. The company was listed on 15 November, 1984. Check your charts!