Goldman Sachs recommendation update .
Coles Group Ltd (ASX: COL)Another dividend share to look at is Coles. This supermarket operator has been performing very positively this year. The company delivered a 6.9% increase in sales to $37.4 billion in FY 2020 and has followed this up with further strong growth in the first quarter of FY 2021.
During the three months that ended 30 September, Coles reported an impressive 10.5% increase in total sales over the prior corresponding period to $9.6 billion.
Goldman Sachs believes this has put the company in a position to deliver a strong result in FY 2021. So much so, the broker has put a buy rating and $20.50 price target on its shares and is forecasting a fully franked 64 cents per share dividend. Based on the latest Coles share price, the latter equates to a 3.5% yield.
Goldman Sachs recommendation update .Coles Group Ltd (ASX:...
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Last
$18.17 |
Change
-0.030(0.16%) |
Mkt cap ! $24.33B | |||
| Open | High | Low | Value | Volume |
| $18.14 | $18.25 | $18.10 | $21.76M | 1.197M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16986 | $18.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.18 | 6626 | 1 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| COL (ASX) Chart |