Ord Minnett gives Wesfarmers stock a Buy rating at AUD 89.00

Published on 10/15/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jarden kept a Buy rating at AUD 83.20 on October 1, 2026. Wesfarmers stock costs EUR 48.62 on October 15, 2026.

Analyst view and earnings scale

Ord Minnett assigned an AUD 89.00 Buy target on October 14, 2026.
Fiscal year 2026 net profit after tax reached AUD 2.9 billion, up 8.3 percent.
Wesfarmers stock trades at EUR 48.62 at 9:41 a.m. CEST at Lang & Schwarz on October 15, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers (ISIN AU000000WES1) was trading at EUR 48.62 at Lang & Schwarz on October 15, 2026 at 9:41 a.m. CEST. On October 14, 2026, Markets Insider reported that Ord Minnett assigned Wesfarmers a Buy rating and an AUD 89.00 price target.

What changed in analyst views?

The Ord Minnett call followed Jarden's October 1, 2026 Buy rating and AUD 83.20 target, both figures reported by Markets Insider. The difference between the two targets is AUD 5.80, giving investors a concrete measure of the latest change in broker positioning.

The counter-factor is valuation discipline. The same report cited a Hold consensus and an AUD 77.53 average target, while the ASX quote on the investor center was AUD 78.26 on October 14, 2026.

Three dates shaped the story

On July 1, 2026, Wesfarmers moved its industrial and safety businesses into Bunnings Group, a portfolio step described in the full-year results briefing. On August 27, 2026, the company reported fiscal year 2026 net profit after tax of AUD 2.9 billion, an 8.3 percent increase excluding significant items in the prior year. On October 14, 2026, Ord Minnett assigned the AUD 89.00 target. The results briefing is available through Yahoo Finance.

What comes next for earnings?

The next earnings date listed for Wesfarmers is February 17, 2027, according to TradingView. The fiscal year 2026 briefing also set net capital expenditure guidance of AUD 1.3 billion to AUD 1.5 billion for fiscal year 2027.

The operating picture is mixed by division. Bunnings earnings rose 5.0 percent to AUD 2.45 billion in fiscal year 2026, Kmart Group earnings reached AUD 1.10 billion after a 6.0 percent increase, and WesCEF earnings rose 18.5 percent to AUD 473.00 million. Officeworks earnings fell 22.2 percent to AUD 165.00 million after AUD 40.00 million of one-off transformation costs, according to the results briefing.

Stock price and valuation

Wesfarmers has a market capitalization of AUD 89.1 billion as of October 15, 2026. Its 52-week range is AUD 70.80 to AUD 94.70, placing the current ASX reference price within that span and leaving the analyst targets above the latest Australian quotation.

Wesfarmers was trading at EUR 48.62 at Lang & Schwarz on October 15, 2026 at 9:41 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.