Coles Group (CLEGF) Receives a Hold from Bell Potter
In a report released today, Jonathan Snape from Bell Potter maintained a Hold rating on Coles Group (CLEGF – Research Report), with a price target of A$22.10.
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According to TipRanks, Snape is an analyst with an average return of -6.5% and a 29.51% success rate. Snape covers the Consumer Defensive sector, focusing on stocks such as Select Harvests, a2 Milk Company, and Coles Group.
Currently, the analyst consensus on Coles Group is a Moderate Buy with an average price target of $13.39.
Based on Coles Group's latest earnings release for the quarter ending January 5, the company reported a quarterly revenue of $23.11 billion and a net profit of $576 million. In comparison, last year the company earned a revenue of $22.27 billion and had a net profit of $589 million
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