Westfield Group (WDC) Stock Recommendation

Stockbroker Citigroup have maintained their Buy, Medium Risk (1M) rating for the Westfield Group (WDC) stock with a share price target of $19.03. WDC have announced their 1HY06 NPAT of $3.376 billion which reflected the increased value of their portfolio. The company result was inline with Citigroup's expectations. Westfield has 100 percent control on the £1.6 billion White City project. Expected yield for the project is now lowered to 5.25 to 5.75 percent due to delayed construction and design changes. However, the Westfield White City project will cement Westfield's position in the UK market.

Westfield Group Limited is listed on the Australian Stock Exchange (ASX) under stock code WDC. You can view their investor website here. The stock was listed on the ASX on 5 July, 2004. WDC is involved in shopping centre investment, property management, leasing and marketing, property development, design and construction, funds/asset management. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!