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

The Goldman Sachs Group downgraded shares of Woolworths (OTCMKTS:WLWHY) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

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

Woolworths Stock Performance

WLWHY opened at $2.85 on Monday. The firm has a 50-day moving average price of $3.25 and a 200-day moving average price of $3.39. Woolworths has a twelve month low of $2.66 and a twelve month high of $4.06.

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.