Ord Minnett rates Wesfarmers stock Buy at AUD 89.00
Published on 10/20/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and trading snapshot
- Ord Minnett assigned a Buy rating and an AUD 89.00 target on October 14, 2026.
- Fiscal 2026 revenue rose 3.4 percent to AUD 47.27 billion.
- Wesfarmers stock trades at EUR 49.66 at 9:15 a.m. CEST at Lang & Schwarz on October 20, 2026.
Wesfarmers (ISIN AU000000WES1) was trading at EUR 49.66 at Lang & Schwarz on October 20, 2026, while the latest analyst action put an AUD 89.00 target on the company. Markets Insider reported on October 14, 2026, that Ord Minnett assigned Wesfarmers a Buy rating and an AUD 89.00 price target.
Analyst target meets stronger earnings
The target comes after Wesfarmers delivered higher full-year operating results. According to Veye, fiscal 2026 revenue increased 3.4 percent from AUD 45.70 billion in fiscal 2025 to AUD 47.27 billion. Underlying EBIT rose 7.3 percent to AUD 4.49 billion, while underlying net profit after tax increased from AUD 2.65 billion to AUD 2.87 billion.
The earnings mix gives the rating a concrete operating basis. Bunnings earnings grew 5.0 percent and Kmart earnings rose 6.0 percent in fiscal 2026, while WesCEF earnings increased 18.5 percent from AUD 399.00 million to AUD 473.00 million, according to Veye.
What comes next for Wesfarmers?
The next scheduled corporate date is the annual meeting on October 29, 2026, listed by Simply Wall St. The meeting gives investors the next formal checkpoint after the fiscal 2026 results and recent broker activity.
Trading context for investors
Wesfarmers was last quoted at AUD 79.58 on the ASX at 4:10 p.m. AEDT on October 20, 2026. The finance profile also showed an AUD 70.80 to AUD 94.70 52-week range and an AUD 90.3 billion market capitalization on that date. The wide range leaves the Ord Minnett target below the annual high while above the latest ASX quote.
The stock was trading at EUR 49.66 at Lang & Schwarz on October 20, 2026, at 9:15 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.
Wesfarmers stock facts
- Company: Wesfarmers Limited
- ISIN: AU000000WES1
- Ticker: WES.AX
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 20, 2026, 9:15 a.m. CEST): EUR 49.66
- Market capitalization: AUD 90.3 billion (as of October 20, 2026)
- 52-week range: AUD 70.80-AUD 94.70 (as of October 20, 2026)
- Sector / Industry: Consumer discretionary / Department stores
Market context: Market report S&P/ASX 200.
