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.
Coles Group Ltd (ASX: COL)This leading supermarket operator has...
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Last
$17.37 |
Change
0.020(0.12%) |
Mkt cap ! $23.26B | |||
| Open | High | Low | Value | Volume |
| $17.45 | $17.54 | $17.29 | $25.61M | 1.472M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3600 | $17.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.37 | 1708 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| COL (ASX) Chart |