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Woolworths Group Ltd ( (AU:WOW) ) has issued an announcement.
Woolworths Group Ltd has been notified of class action proceedings initiated by Shine Lawyers in the Federal Court of Australia. The case involves allegations of potential underpayments to team members in South Australia, linked to outdated legislation that classified Sundays as public holidays. Woolworths Group intends to contest these claims and does not consider the proceedings to be market sensitive.
The most recent analyst rating on (AU:WOW) stock is a Hold with a A$29.00 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 offering grocery and general merchandise products. The company operates a range of supermarket chains and is a significant contributor to the Australian retail market.
YTD Price Performance: -0.21%
Average Trading Volume: 2,997,808
Technical Sentiment Signal: Hold
Current Market Cap: A$35.96B
For detailed information about WOW stock, go to TipRanks’ Stock Analysis page.