In a report released today, Grant Saligari from Credit Suisse upgraded Woolworths Group Ltd (WOLWF – Research Report) to a Buy, with a price target of A$36.51. The company’s shares closed last Friday at $25.22.
Saligari covers the Consumer Goods sector, focusing on stocks such as Woolworths Group Ltd, Harvey Norman Holdings Ltd, and Metcash Limited. According to TipRanks, Saligari has an average return of 1.8% and a 61.86% success rate on recommended stocks.
Currently, the analyst consensus on Woolworths Group Ltd is a Hold with an average price target of $24.83.
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WOLWF market cap is currently $30.29B and has a P/E ratio of 27.48.
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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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