Westpac stock: Jefferies keeps Hold target at AUD 34.99 for Westpac stock

Published on 10/21/2026 at 16:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Westpac schedules fiscal 2026 results for November 2, 2026. Westpac stock costs EUR 22.05 on October 21, 2026 at 4:36 p.m. CEST in trading.

Jefferies target stays below price

Jefferies maintained a Hold rating and set an AUD 34.99 target on October 20, 2026.
Westpac will announce fiscal 2026 results on November 2, 2026.
Westpac stock costs EUR 22.05 at Lang & Schwarz on October 21, 2026 at 4:36 p.m. CEST.

Westpac, AU000000WBC1, Illustration mit AI erstellt.

Jefferies kept its Hold rating on Westpac and set an AUD 34.99 price target in a report dated October 20, 2026, according to Markets Insider. The target is 1.52 percent below Westpac's AUD 35.53 last price on the ASX on October 21, 2026. At Lang & Schwarz, Westpac was trading at EUR 22.05 on October 21, 2026 at 4:36 p.m. CEST.

Results date brings the next test

Westpac will announce its fiscal 2026 results on November 2, 2026, the company said on its investor center. The same calendar lists the annual general meeting for December 16, 2026. The result should give investors a fresh view of revenue, margins and credit quality after the bank's first-half reporting period.

What does the target imply?

The Jefferies target sits below the October 21 ASX quote, while the bank's price to earnings ratio was 17.50 and its market capitalization was AUD 121.3 billion on that date. A separate market report cited an average target of AUD 34.18 and revenue growth guidance of 3.00 percent to 5.00 percent, but those figures were not attributed to a named analyst in the report.

Westpac's latest quarterly figures cited by Markets Insider included AUD 27.98 billion of revenue and AUD 3.41 billion of net profit for the quarter ended March 31, 2026. The comparison figures were AUD 10.54 billion of revenue and AUD 3.32 billion of net profit for the prior-year period.

Credit costs add a separate issue

Westpac said on October 19, 2026 that a pre-tax notable item of AUD 41.00 million had been recognized in the second half of fiscal 2026 for RAMS litigation expenses and related legal costs, according to the ASX release. The release also said the bank would revise certain credit-quality comparatives in its fiscal 2026 investor discussion pack.

Westpac versus Australian peers

Westpac (ASX, AUD): up 1.14 percent on October 21, 2026, price to earnings ratio 17.50, market capitalization AUD 121.3 billion.

Commonwealth Bank of Australia (ASX, AUD): up 0.91 percent on October 21, 2026, price to earnings ratio 24.16, market capitalization AUD 262.5 billion.

National Australia Bank (ASX, AUD): up 1.86 percent on October 21, 2026, price to earnings ratio 20.80, market capitalization AUD 124.2 billion.

Westpac stock price in euros

Westpac's euro quotation stood at EUR 22.05 at Lang & Schwarz on October 21, 2026 at 4:36 p.m. CEST. The next scheduled company date is the fiscal 2026 results announcement on November 2, 2026.

The further course of trading is shown by the continuously updated real-time quote of Westpac stock.