Woolworths (OTCMKTS:WLWHY) Downgraded to Hold Rating by The Goldman Sachs Group

Woolworths (OTCMKTS:WLWHY) was downgraded by analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Separately, Zacks Research raised Woolworths to a “hold” rating in a research note on Friday, April 10th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Woolworths Price Performance

WLWHY opened at $2.85 on Monday. Woolworths has a one year low of $2.66 and a one year high of $4.06. The stock’s fifty day moving average is $3.25 and its 200-day moving average is $3.39.

Woolworths Company Profile

Woolworths Group Limited (OTCMKTS:WLWHY) is one of Australia’s leading retailing companies, offering a broad range of food, everyday goods and general merchandise to consumers across Australia and New Zealand. Headquartered in Bella Vista, New South Wales, the company operates flagship supermarket brands that focus on fresh produce, grocery items and household essentials. Its retail network includes both large-format stores and smaller urban formats designed to meet diverse customer needs.

The group’s core operations are divided into supermarkets and distribution, which supply fresh food, dry groceries and general merchandise; the Big W division, which offers apparel, entertainment, home goods and toys; and digital platforms that enable online grocery shopping and click-and-collect services.