Coles Group Limited (OTCMKTS:CLEGF – Get Free Report) was up 1.7% during mid-day trading on Friday. The stock traded as high as $17.15 and last traded at $17.15. 390 shares changed hands during trading, a decline of 7% from the average session volume of 420 shares. The stock had previously closed at $16.86.
Analysts Set New Price Targets
Separately, Citigroup downgraded shares of Coles Group to a “neutral” rating in a research note on Wednesday, August 26th. Two research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.00.
View Our Latest Stock Analysis on CLEGF
Coles Group Stock Performance
The company has a 50-day moving average of $16.67 and a two-hundred day moving average of $16.26.
About Coles Group
Coles Group Limited is an Australian retail company that operates supermarkets and liquor stores across Australia. Its Coles Supermarkets and Coles Local stores sell groceries, fresh food, household products, health and beauty items, and other everyday necessities through physical stores and online channels. The company also offers a range of products under private-label brands.
Coles Group’s liquor operations include Liquorland, First Choice Liquor and Vintage Cellars. The company provides home delivery and digital shopping services, supported by online fulfillment capabilities.
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