In a report released yesterday, Shaun Cousins from UBS maintained a Buy rating on Woolworths Group Ltd (WOLWF – Research Report), with a price target of A$42.00. The company’s shares closed yesterday at $22.05.
Cousins covers the Consumer Defensive sector, focusing on stocks such as Treasury Wine Estates Limited, Coles Group Ltd., and Woolworths Group Ltd. According to TipRanks, Cousins has an average return of 4.5% and a 50.94% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Woolworths Group Ltd with a $24.05 average price target, representing a 9.07% upside. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$40.20 price target.
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The company has a one-year high of $27.55 and a one-year low of $19.68. Currently, Woolworths Group Ltd has an average volume of 509.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WOLWF in relation to earlier this year.
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Woolworths Group Ltd (WOLWF) Company Description:
Woolworths Group Ltd. engages in the operation of general merchandise consumer stores and supermarkets in Australia, New Zealand and India. It operates through the following business segments: Australian Food, New Zealand Food, Endeavour Drinks, BIG W, and Hotels. The Australian Food segment procures food and liquor and products for resale to customers in Australia. The New Zealand Food segment acquires food, liquor, and products for resale to customers in New Zealand. The Endeavour Drinks segment resells drinks to customers in Australia. The BIG W segment handles the acquisition of genrel merchandise products for resale in Australia. The Hotels segment provides leisure and hospitality services including food and drinks, accommodation, entertainment and gaming in Australia. The company was founded on December 5, 1924 and is headquartered in Sydney, Australia.
