Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Coles Group ( (AU:COL) ) just unveiled an announcement.
Coles Group has acknowledged that a class action has been filed in the Federal Court of Australia against its subsidiary Coles Supermarkets Australia Pty Ltd by Shine Lawyers. The proceedings concern alleged entitlements owed to Coles supermarket team members in South Australia between 23 December 2019 and 31 December 2023 under now repealed provisions of the Holidays Act 1910 (SA). Coles has stated it will defend the action and does not consider the proceedings to be market sensitive, signalling that management does not currently expect a material impact on its financial position or operations.
The most recent analyst rating on (AU:COL) stock is a Hold with a A$23.00 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 major Australian retail company operating supermarket chains under the Coles brand, with a core focus on grocery and everyday consumer goods across Australia. The company serves millions of customers nationwide and is listed on the Australian Securities Exchange under the ticker COL.
Average Trading Volume: 2,336,015
Technical Sentiment Signal: Buy
Current Market Cap: A$28.18B
For an in-depth examination of COL stock, go to TipRanks’ Overview page.