Ord Minnett upgrades Wesfarmers stock to Buy from Hold

Published on 10/19/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ord Minnett upgraded its rating on October 19, 2026. Wesfarmers stock costs EUR 49.20 on October 19, 2026 beside an AUD 89.6 billion market value.

Rating, results and dates

Ord Minnett upgraded Wesfarmers from Hold to Buy on October 19, 2026.
Fiscal 2026 revenue reached AUD 47.3 billion, up 3.4 percent.
Wesfarmers stock trades at EUR 49.20 at 10:35 a.m. CEST at Lang & Schwarz on October 19, 2026.
Wesfarmers will hold its annual general meeting on October 29, 2026.
The company had an AUD 89.6 billion market capitalization as of October 19, 2026.

Wesfarmers, AU000000WES1, Illustration mit AI erstellt.

Wesfarmers (ISIN AU000000WES1) was trading at EUR 49.20 at Lang & Schwarz on October 19, 2026, at 10:35 a.m. CEST. On the same date, FNArena reported that Ord Minnett upgraded Wesfarmers from Hold to Buy.

Three signals shape the story

The recent sequence shows how the income profile and valuation are meeting fresh broker attention. On September 1, 2026, Wesfarmers set an ex-dividend date for an AUD 1.20 fully franked dividend for the six months ended June 30, 2026, according to Simply Wall St. On October 18, 2026, the same outlet reported regulatory action involving Kmart Australia and cited a Wesfarmers P/E ratio of 31.3.

The latest event came on October 19, 2026, when Ord Minnett moved its rating from Hold to Buy. That change gives the stock a new broker signal without supplying a revised target in the cited market report.

What does the upgrade change?

Wesfarmers enters the rating change with a sizable operating base. In fiscal year 2026, revenue increased 3.4 percent to AUD 47.3 billion, while net profit reached AUD 2.9 billion, down 1.8 percent, according to The Motley Fool Australia. The comparison matters because higher revenue did not translate into higher net profit in that period.

The business spans Bunnings, Kmart, Officeworks, health and beauty, chemicals and lithium-related operations. The October 18 Kmart regulatory report adds a specific execution issue to the wider valuation discussion, while the fiscal 2026 figures show the financial base that Ord Minnett is reassessing.

Dates that matter next

Wesfarmers is scheduled to hold its annual general meeting on October 29, 2026, according to Simply Wall St. The meeting is the next dated corporate event in the cited calendar.

Market value and investor frame

Wesfarmers had a market capitalization of AUD 89.6 billion as of October 19, 2026. Its ASX quote was AUD 78.95 at 5:15 a.m. UTC on October 19, 2026, while the 52-week range stood at AUD 70.80 to AUD 94.70. The euro quote places the German investor perspective alongside the company valuation and the latest broker action.

Wesfarmers was trading at EUR 49.20 at Lang & Schwarz on October 19, 2026, at 10:35 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wesfarmers stock.