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An update from Coles Group ( (AU:COL) ) is now available.
Coles Group Limited has acknowledged the Federal Court of Australia’s decision regarding the pay arrangements for salaried team members covered by the General Retail Industry Award. This follows a class action and proceedings initiated by the Fair Work Ombudsman concerning alleged underpayments. Coles is currently reviewing the judgment to understand its implications, indicating that the process may be complex and time-consuming. The outcome of this review could have significant impacts on the company’s operations and its compliance with industry regulations.
The most recent analyst rating on (AU:COL) stock is a Buy with a A$25.40 price target. To see the full list of analyst forecasts on Coles Group stock, see the AU:COL Stock Forecast page.
More about Coles Group
Coles Group Limited is a leading Australian retailer, primarily operating in the supermarket sector. It focuses on providing a wide range of grocery products and services to consumers across Australia.
Average Trading Volume: 3,032,000
Technical Sentiment Signal: Buy
Current Market Cap: A$32.23B
For a thorough assessment of COL stock, go to TipRanks’ Stock Analysis page.