Shares of Coles Group Limited (OTCMKTS:CLEGF – Get Free Report) shot up 12.3% during trading on Thursday . The company traded as high as $11.20 and last traded at $11.20. 8,527 shares changed hands during mid-day trading, an increase of 410% from the average session volume of 1,671 shares. The stock had previously closed at $9.97.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on CLEGF shares. Morgan Stanley upgraded shares of Coles Group to an “overweight” rating in a report on Tuesday. Royal Bank of Canada assumed coverage on shares of Coles Group in a report on Tuesday, March 4th. They issued an “outperform” rating and a $22.00 price objective for the company.
Read Our Latest Analysis on CLEGF
Coles Group Price Performance
Coles Group Company Profile
Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets and Liquor segments. The company operates various supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations.
Recommended Stories
- Five stocks we like better than Coles Group
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What is a Secondary Public Offering? What Investors Need to Know
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Taiwan Semiconductor’s Huge U.S. Move—Stock Impact Ahead
Receive News & Ratings for Coles Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coles Group and related companies with MarketBeat.com's FREE daily email newsletter.
