"Citi has upgraded its rating on Coles Group from neutral to buy after reporting strong supermarket sales growth in the March quarter.
The broker reduced its price target slightly from $17.60 to $17.40, primarily driven by its Coles Express business with petrol volumes likely to be a headwind.
Coles has seen a moderation in growth, but remains well placed to deliver mid-single digit like-for-like sales growth over the next six months, with earnings stability,"
from AFR
Citi upgrades to buy
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Last
$17.25 |
Change
0.190(1.11%) |
Mkt cap ! $23.10B | |||
| Open | High | Low | Value | Volume |
| $17.07 | $17.27 | $17.05 | $46.80M | 2.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5612 | $17.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.26 | 6796 | 3 |
View Market Depth
| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| COL (ASX) Chart |