Woolworths Group (OTCMKTS:WOLWF) Shares Down 4.6% – Time to Sell?

Woolworths Group Limited (OTCMKTS:WOLWF)’s share price fell 4.6% during mid-day trading on Friday . The company traded as low as $20.94 and last traded at $20.94. 300 shares were traded during mid-day trading, a decline of 56% from the average session volume of 686 shares. The stock had previously closed at $21.95.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group assumed coverage on shares of Woolworths Group in a research report on Monday, January 19th. They set a “buy” rating and a $37.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Woolworths Group presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Woolworths Group Stock Down 4.6%

The stock’s 50 day moving average price is $20.22 and its two-hundred day moving average price is $19.10.

About Woolworths Group

Woolworths Group is one of Australia’s leading retail companies, operating a diversified portfolio of supermarket, liquor, and general merchandise banners. Founded in 1924 and headquartered in Bella Vista, New South Wales, the company grew from a single variety store into a national retailer with more than 1,000 Woolworths Supermarkets, Big W discount department stores, and an extensive network of convenience and Metro outlets across Australia and New Zealand. Its core supermarket segment offers fresh produce, meat, bakery, deli, seafood, and everyday grocery items, while its general merchandise arm provides clothing, home goods, electronics and seasonal products.

In addition to supermarkets and discount department stores, Woolworths Group operates several specialty liquor brands, including BWS, Dan Murphy’s and Cellarmasters, following the demerger of Endeavour Group in 2021.