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Woolworths Group Ltd ( (AU:WOW) ) just unveiled an update.
Woolworths Group Ltd has acknowledged the commencement of shareholder class action proceedings in the Federal Court of Australia, initiated by Dutton Law Pty Ltd. The legal action pertains to allegations of inadequate disclosures concerning team member underpayments. Woolworths Group has stated that it does not consider these proceedings to be market sensitive and intends to defend against the allegations.
The most recent analyst rating on (AU:WOW) stock is a Hold with a A$29.30 price target. To see the full list of analyst forecasts on Woolworths Group Ltd stock, see the AU:WOW Stock Forecast page.
More about Woolworths Group Ltd
Woolworths Group Ltd is a major player in the retail industry, primarily focusing on supermarkets and grocery stores. The company is known for providing a wide range of food and household products to consumers across Australia, with a strong emphasis on customer service and market leadership.
YTD Price Performance: -1.02%
Average Trading Volume: 3,297,680
Technical Sentiment Signal: Hold
Current Market Cap: A$35.67B
Find detailed analytics on WOW stock on TipRanks’ Stock Analysis page.