Coles Group (OTCMKTS:CLEGF) Trading Up 15.1% – Should You Buy?

Shares of Coles Group Limited (OTCMKTS:CLEGF) were up 15.1% during mid-day trading on Thursday . The stock traded as high as $14.96 and last traded at $14.96. Approximately 500 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 3,942 shares. The stock had previously closed at $13.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group started coverage on Coles Group in a research note on Monday, January 19th. They set a “neutral” rating and a $23.00 price objective on the stock. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Coles Group currently has an average rating of “Hold” and an average target price of $23.00.

Coles Group Trading Up 15.1%

The stock’s fifty day moving average price is $16.34 and its two-hundred day moving average price is $15.23.

About Coles Group

Coles Group Ltd. (OTCMKTS:CLEGF) is a leading Australian retailer headquartered in Melbourne. The company operates one of the country’s largest supermarket chains under the Coles banner, complemented by an extensive liquor division and a network of convenience and fuel outlets. Coles Group’s core mission centers on providing a broad range of food, everyday household products and services to customers across urban and regional Australia.

Coles Group’s supermarket operations encompass both brick-and-mortar stores and an online grocery delivery platform, supported by a nationwide logistics and distribution network.