In a report released today, Melinda Baxter from Morgan Stanley maintained a Hold rating on Coles Group Ltd. (CLEGF – Research Report), with a price target of A$16.50. The company’s shares closed last Thursday at $8.57.
According to TipRanks, Baxter is an analyst with an average return of -2.3% and a 46.77% success rate. Baxter covers the Consumer Defensive sector, focusing on stocks such as Coles Group Ltd., Treasury Wine Estates Limited, and Woolworths Group Ltd.
The word on The Street in general, suggests a Hold analyst consensus rating for Coles Group Ltd. with a $10.88 average price target, representing a 27.01% upside. In a report released on April 29, UBS also maintained a Hold rating on the stock with a A$17.50 price target.
The company has a one-year high of $15.13 and a one-year low of $7.69. Currently, Coles Group Ltd. has an average volume of 107.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Coles Group Ltd. (CLEGF) Company Description:
Coles Group Ltd. engages in the operation of supermarkets and retail stores. Its businesses include coles supermarkets, coles online, coles liquor, coles express, flybuys, coles financial services and spirit hotels. The company was founded in 1914 and is headquartered in Melbourne, Australia.
