Wesfarmers stock: Barrenjoey upgrades Wesfarmers stock to Overweight at AUD 89.00

Published on 10/20/2026 at 15:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached AUD 47.27 billion. Wesfarmers stock costs EUR 49.85 on October 20, 2026, while ASX last traded at AUD 79.58.

Analyst action and fiscal results

Barrenjoey upgraded Wesfarmers from Neutral to Overweight on October 14, 2026.
Fiscal 2026 revenue reached AUD 47.27 billion, up 3.44 percent from AUD 45.70 billion.
Wesfarmers stock costs EUR 49.85 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, while ASX trading ended at AUD 79.58.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers stock: Barrenjoey Markets upgraded the company from Neutral to Overweight and set an AUD 89.00 price target on October 14, 2026, according to MarketScreener. The target stands 11.84 percent above the ASX price of AUD 79.58 on October 20, 2026. At Lang & Schwarz, the stock was trading at EUR 49.85 on October 20, 2026 at 3:31 p.m. CEST.

Fiscal 2026 set the earnings base

Wesfarmers reported AUD 47.27 billion of revenue for fiscal 2026, up 3.44 percent from AUD 45.70 billion in fiscal 2025. Underlying EBIT increased 7.30 percent to AUD 4.49 billion, while underlying net profit after tax rose 8.30 percent to AUD 2.87 billion, according to Veye on September 28, 2026. The report identified Bunnings, Kmart and WesCEF as key contributors to the result.

Yearly range leaves a wide spread

On the ASX, Wesfarmers last traded at AUD 79.58 on October 20, 2026 at 4:10 p.m. AEDT. The price was 15.97 percent below its AUD 94.70 52-week high and 12.40 percent above its AUD 70.80 low. Market capitalization stood at AUD 90.3 billion, with 1,058,313 shares traded in the session.

Valuation sits above retail peers

Wesfarmers carried a price-to-earnings ratio of 31.45 and a dividend yield of 0.05 percent on October 20, 2026. The figures place its valuation above Coles but below Woolworths on the same market snapshot, although the businesses have different mixes of retail and industrial operations.

Comparison with peers

Wesfarmers: up 0.80 percent on the ASX, price-to-earnings ratio 31.45, market capitalization AUD 90.3 billion.

Woolworths: up 1.09 percent on the ASX, price-to-earnings ratio 45.23, market capitalization AUD 50.7 billion.

Coles: up 1.85 percent on the ASX, price-to-earnings ratio 29.94, market capitalization AUD 32.6 billion.

What the target says about valuation

Barrenjoey's AUD 89.00 target is 11.84 percent above the ASX price, giving the rating change a measurable valuation reference. Wesfarmers' fiscal 2026 revenue growth of 3.44 percent was slower than its 8.30 percent underlying net profit growth, highlighting the role of margin and mix in the earnings picture.

Two currencies frame the stock

Wesfarmers was trading at EUR 49.85 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST. On the ASX, the stock last traded at AUD 79.58 on October 20, 2026 at 4:10 p.m. AEDT. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.