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Why the Wesfarmers (ASX:WES) share price has soared 24% in a year
Sebastian Bowen | February 5, 2021 2:57pm |
More on: Image source: Getty Images
Wesfarmers Ltd(ASX: WES) shares have proven to be among the ASX’s most dependable achievers over the past year, rising by more than 24%. Since its lows of 23 March last year, the Wesfarmers share price is up a staggering 87.5%.
This year alone, the industrial conglomerate has added more than 8% to its market capitalisation and has been clocking new all-time highs like
The Flash over the past two months. As a point of comparison, the
S&P/ASX 200 Index (ASX: XJO) is still down around 2.4% compared to where it was 12 months ago. So what is it about this ASX blue-chip share that has investors so eager to buy in?
Galaxy Resources Limited advises that the following announcement has been made to the Australian Securities Exchange which appears on the Company's platform : The announcement can be viewed at: SOURCE Galaxy Resources Limited View original content
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Northern Graphite’s Management Team
Gregory B. Bowes B.Sc. (Geology), MBA, P.Geo. CEO & Director
Gregory Bowes has over 30 years of experience in the resource and engineering industries. He holds an MBA from Queen’s University and an Honours B.Sc., Geology degree from the University of Waterloo. Bowes was senior vice president of Orezone Gold Corporation from February 2009 to June 2010 and was vice president of Corporate Development of its predecessor, Orezone
Morgans reveals that its analysts have downgraded this plumbing parts company’s shares to a
reduce rating with a price target of $11.45. According to the note, the broker made the move after reducing its earnings estimates to reflect a stronger Australian dollar. In addition to this, the broker thought that its valuation was getting stretched after a strong gain over the last few months. The Reece share price was trading at $16.01 at Friday’s close.
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