WESFARMERS LTD/ADR (OTCMKTS:WFAFY)’s stock price traded up 1.5% during mid-day trading on Friday . The stock traded as high as $13.18 and last traded at $13.38, 9,239 shares were traded during trading. A decline of 71% from the average session volume of 31,799 shares. The stock had previously closed at $13.18.
Several analysts have weighed in on the company. Deutsche Bank downgraded WESFARMERS LTD/ADR from a “hold” rating to a “sell” rating in a research note on Friday, June 14th. Goldman Sachs Group downgraded WESFARMERS LTD/ADR from a “neutral” rating to a “sell” rating in a research note on Thursday, June 13th.
The business has a 50-day simple moving average of $13.24 and a 200-day simple moving average of $12.62.
Wesfarmers Limited engages in the retail, coal mining and production, gas processing and distribution, industrial and safety product distribution, chemicals and fertilizers manufacturing, and investment businesses in Australia, New Zealand, the United Kingdom, and internationally. The company operates 809 Coles supermarkets; 899 liquor stores under the Liquorland, Vintage Cellars, and First Choice Liquor brands; 88 hotels; 711 convenience outlets; and an online supermarket.
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