Woolworths Group (OTCMKTS:WOLWF) Trading 11.7% Higher – Should You Buy?

Woolworths Group Limited (OTCMKTS:WOLWF) shot up 11.7% during trading on Wednesday . The company traded as high as $22.11 and last traded at $22.11. 279 shares traded hands during trading, an increase of 16% from the average session volume of 240 shares. The stock had previously closed at $19.80.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on Woolworths Group in a report on Monday. They issued a “buy” rating and a $37.00 target price for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

Woolworths Group Price Performance

The business has a 50 day moving average price of $19.30 and a 200 day moving average price of $18.78.

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.