Woolworths Group (OTCMKTS:WOLWF) Stock Falls 8% – What’s Next?

Woolworths Group Limited (OTCMKTS:WOLWF – Get Free Report) shares fell 8% during mid-day trading on Tuesday. The company traded as low as $25.5875 and last traded at $25.5875. Approximately 188 shares were traded during trading, a decline of 56% from the average session volume of 429 shares. The stock had previously closed at $27.80.

Wall Street Analysts Forecast Growth

WOLWF has been the topic of a number of recent analyst reports. The Goldman Sachs Group lowered Woolworths Group from a “buy” rating to a “neutral” rating in a research note on Monday, July 27th. Citigroup lowered shares of Woolworths Group to a “sell” rating in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $37.00.

Check Out Our Latest Stock Analysis on WOLWF

Woolworths Group Trading Down 8.0%

The company’s fifty day moving average price is $29.29 and its 200-day moving average price is $27.33.

About Woolworths Group

(Get Free Report)

Woolworths Group Limited is an Australia-based retail company whose principal operations are food and everyday-needs retailing in Australia and New Zealand. Its Australian Food division operates Woolworths Supermarkets and Woolworths Metro convenience stores, offering groceries, fresh food, household products and related services through physical stores and online channels.

In New Zealand, the company operates Woolworths New Zealand, which provides supermarket products and services nationwide.

Further Reading

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