Woolworths (OTCMKTS:WLWHY) Stock Rating Lowered by The Goldman Sachs Group

Woolworths (OTCMKTS:WLWHY) was downgraded by analysts at The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Zacks Research raised shares of Woolworths to a “hold” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Woolworths presently has a consensus rating of “Hold”.

Woolworths Price Performance

OTCMKTS WLWHY opened at $2.85 on Monday. Woolworths has a one year low of $2.66 and a one year high of $4.06. The company has a 50-day simple moving average of $3.25 and a 200-day simple moving average of $3.39.

Woolworths Company Profile

Woolworths Group Limited (OTCMKTS:WLWHY) is one of Australia’s leading retailing companies, offering a broad range of food, everyday goods and general merchandise to consumers across Australia and New Zealand. Headquartered in Bella Vista, New South Wales, the company operates flagship supermarket brands that focus on fresh produce, grocery items and household essentials. Its retail network includes both large-format stores and smaller urban formats designed to meet diverse customer needs.

The group’s core operations are divided into supermarkets and distribution, which supply fresh food, dry groceries and general merchandise; the Big W division, which offers apparel, entertainment, home goods and toys; and digital platforms that enable online grocery shopping and click-and-collect services.