Woolworths Group (OTCMKTS:WOLWF) Stock Price Down 8% – Time to Sell?

Woolworths Group Limited (OTCMKTS:WOLWF) shares traded down 8% during trading on Tuesday. The stock traded as low as $25.5875 and last traded at $25.5875. 188 shares traded hands during trading, a decline of 56% from the average daily volume of 429 shares. The stock had previously closed at $27.80.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on WOLWF shares. Citigroup lowered Woolworths Group to a “sell” rating in a report on Wednesday, July 15th. The Goldman Sachs Group lowered shares of Woolworths Group from a “buy” rating to a “neutral” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $37.00.

Woolworths Group Stock Down 1.7%

The business has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $27.35.

About Woolworths Group

Woolworths Group Limited is an Australia-based retail company whose principal operations are food and everyday-needs retailing in Australia and New Zealand. Its Australian Food division operates Woolworths Supermarkets and Woolworths Metro convenience stores, offering groceries, fresh food, household products and related services through physical stores and online channels.

In New Zealand, the company operates Woolworths New Zealand, which provides supermarket products and services nationwide.