Wesfarmers stock: Ord Minnett sets a Buy target of AUD 89.00 for Wesfarmers stock

Published on 10/21/2026 at 15:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wesfarmers stock is 15.67 percent below its 52-week high. The stock costs EUR 50.03 on October 21, 2026, up 3.03 percent versus Frankfurt close.

Analyst target and market valuation

Ord Minnett assigned a Buy rating and an AUD 89.00 target on October 13, 2026.
Wesfarmers had a P/E ratio of 31.57 and market capitalization of AUD 90.7 billion on October 21, 2026.
Wesfarmers stock cost EUR 50.03 at Lang & Schwarz on October 21, 2026 at 3:05 p.m. CEST, up 3.03 percent versus the Frankfurt close of October 16, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Ord Minnett assigned Wesfarmers a Buy rating and an AUD 89.00 price target on October 13, 2026, according to Markets Insider. The target stands 11.44 percent above Wesfarmers' ASX price of AUD 79.86 on October 21, 2026. At Lang & Schwarz, the stock was trading at EUR 50.03 on October 21, 2026 at 3:05 p.m. CEST, up 3.03 percent versus the Frankfurt close of October 16, 2026 at EUR 48.56.

Target leaves room above ASX price

The Ord Minnett view is the latest named broker signal in the recent coverage. Jarden maintained a Buy rating and set an AUD 83.20 target on October 1, 2026, according to Markets Insider. That target is 4.19 percent above the October 21 ASX price, leaving Ord Minnett with the more bullish level of the two.

Stock remains below its yearly high

Wesfarmers traded between AUD 70.80 and AUD 94.70 over the past 52 weeks as of October 21, 2026. Its AUD 79.86 price was 15.67 percent below the high and 12.80 percent above the low. The ASX quote showed 1,160,308 shares traded on October 21, 2026, while the company's market capitalization was AUD 90.7 billion.

Valuation and peer comparison

Wesfarmers carried a P/E ratio of 31.57 on October 21, 2026. Coles traded at AUD 24.26 with a P/E ratio of 29.95 and a market capitalization of AUD 32.6 billion. Woolworths traded at AUD 41.87 with a P/E ratio of 45.51 and a market capitalization of AUD 51.0 billion. These figures place Wesfarmers between the two grocery peers on earnings valuation, while its broader retail and industrial portfolio makes the comparison directional rather than exact.

What the target means for valuation

The AUD 89.00 target implies 11.44 percent upside from the October 21 ASX price, but it remains below the 52-week high of AUD 94.70. The spread between that target and Jarden's AUD 83.20 level also shows how broker assumptions differ by AUD 5.80.

Market levels to watch

The immediate price frame combines the EUR 50.03 Lang & Schwarz quote with the dated Frankfurt close of EUR 48.56. In Australian currency, the stock's 52-week high is the next clearly defined technical level above the two broker targets.

Wesfarmers was trading at EUR 50.03 at Lang & Schwarz on October 21, 2026 at 3:05 p.m. CEST, up 3.03 percent versus the Frankfurt close of October 16, 2026 at EUR 48.56. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.