Coles Group (OTCMKTS:CLEGF) Downgraded to “Sell” at The Goldman Sachs Group

The Goldman Sachs Group lowered shares of Coles Group (OTCMKTS:CLEGFGet Rating) from a neutral rating to a sell rating in a research report released on Tuesday, The Fly reports.

Separately, JPMorgan Chase & Co. cut shares of Coles Group from a neutral rating to an underweight rating in a research note on Tuesday, June 28th.

Coles Group Stock Performance

Shares of Coles Group stock opened at $12.20 on Tuesday. The company’s 50 day moving average is $12.77 and its 200 day moving average is $12.90. Coles Group has a twelve month low of $11.65 and a twelve month high of $13.50.

About Coles Group

(Get Rating)

Coles Group Limited operates as a retailer in Australia. It operates through Supermarkets, Liquor, and Express segments. The company provides fresh food and groceries through 834 supermarkets; and coles.com.au, which offers a choice of home delivery, including same-day, overnight drop and go services, and pick up from click and collect locations.

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