BUZZ-Coles: Jefferies says price cuts an attempt to stem market share loss, unlikely to spur 'price war'09 04 2021 06:41am AEST** Jefferies says price cuts announced by Coles Group on Thursday are unlikely to cause a 'price war' with other retailers like Woolworths Group
** The retailer reduced prices across private label and branded products, with prices falling by 5%-35% [https://bit.ly/2RnXxE9 ]
** Brokerage says that price reductions by the retailer appear likely to be an effort to stem the market share loss it has suffered to both WOW and other independents
** Adds that the retailer has been highly rational to date, and any aggressive investment would be swiftly countered by WOW, which would hurt COL more than WOW
** COL's weak momentum, larger operating leverage, smaller online business makes it unlikely for the co to win a price war against WOW that is cycling much larger COVID costs in the base - Jefferies
** Says research conducted by brokerage suggested COL has been more aggressive than WOW, with certain product prices tracked for COL growing only 0.5% in March qtr compared to 1.2% rise for the latter
** Five of 12 analysts rate COL stock "buy" or higher, 7 rate it "hold"; their median PT is A$19– Refinitiv data
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- median PT is A$19
median PT is A$19
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Last
$16.94 |
Change
0.060(0.36%) |
Mkt cap ! $22.67B |
Open | High | Low | Value | Volume |
$16.95 | $16.99 | $16.89 | $49.85M | 2.941M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 136 | $16.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$16.97 | 2500 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 136 | 16.920 |
2 | 43 | 16.900 |
3 | 8934 | 16.880 |
3 | 602 | 16.850 |
3 | 755 | 16.800 |
Price($) | Vol. | No. |
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16.970 | 2500 | 1 |
16.980 | 10248 | 3 |
16.990 | 9829 | 6 |
17.000 | 53082 | 72 |
17.010 | 722 | 2 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
$16.98 |
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Change
0.060 ( 0.77 %) |
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Open | High | Low | Volume | ||
$16.91 | $16.99 | $16.90 | 466662 | ||
Last updated 15.59pm 29/03/2024 ? |
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