Coles Group Ltd (ASX: COL)
This leading supermarket operator has been a very positive performer this year. Due to the pandemic, Coles has experienced a surge in demand from consumers, leading to a notable jump in sales and profits.
For example, in FY 2020 the company reported a 6.9% increase in sales to $37.4 billion and a 7.1% lift in net profit after tax to $951 million. Pleasingly, this strong growth accelerated in the first quarter of FY 2021 despite easing COVID restrictions. For the three months ended 30 September, Coles delivered a 10.5% increase in total sales over the prior corresponding period to $9.6 billion.
This was stronger than expected, with analysts at Goldman Sachs predicting first quarter growth of 7.7%. In light of this, the broker retained its buy rating and lifted the price target on the company’s shares to $20.50. The Coles share price is currently trading at $17.94.
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Last
$18.79 |
Change
-0.080(0.42%) |
Mkt cap ! $25.16B |
Open | High | Low | Value | Volume |
$18.89 | $18.91 | $18.69 | $99.78M | 5.312M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1668 | $18.74 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.80 | 13250 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1668 | 18.740 |
3 | 1308 | 18.700 |
1 | 4000 | 18.690 |
1 | 4000 | 18.680 |
1 | 4000 | 18.670 |
Price($) | Vol. | No. |
---|---|---|
18.800 | 1896 | 3 |
18.850 | 1570 | 1 |
18.880 | 1000 | 1 |
18.910 | 70 | 1 |
18.920 | 1041 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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