Shares of Coles Group Limited (OTCMKTS:CLEGF – Get Free Report) were up 12.3% on Thursday . The company traded as high as $11.20 and last traded at $11.20. Approximately 8,527 shares changed hands during mid-day trading, an increase of 410% from the average daily volume of 1,671 shares. The stock had previously closed at $9.97.
Wall Street Analyst Weigh In
CLEGF has been the subject of a number of recent research reports. Royal Bank of Canada initiated coverage on Coles Group in a research note on Tuesday, March 4th. They issued an “outperform” rating and a $22.00 target price for the company. Morgan Stanley raised Coles Group to an “overweight” rating in a research report on Tuesday.
View Our Latest Stock Report on Coles Group
Coles Group Stock 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.
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