In a report released yesterday, Michael Simotas from Jefferies maintained a Hold rating on Woolworths Group Ltd (WOLWF – Research Report), with a price target of A$38.00. The company’s shares closed last Tuesday at $24.39.
Simotas covers the Consumer Defensive sector, focusing on stocks such as Coles Group Ltd., Metcash Limited, and Woolworths Group Ltd. According to TipRanks, Simotas has an average return of 6.7% and a 62.50% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Woolworths Group Ltd with a $26.08 average price target.
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The company has a one-year high of $27.55 and a one-year low of $21.59. Currently, Woolworths Group Ltd has an average volume of 1,158.
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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.
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