CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.96% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Citi, Jefferies trim Coles' PT after quarterly sales miss

By Reuters News

** Analysts at Citi lower the price target of Australia's Coles COL.AX to A$22.00 from A$24.00; retains "neutral" rating

** While Jefferies cuts COL's PT to A$24.50 from A$27.50, retains "buy" rating

** Citi cuts Australia's second-largest grocer's FY27 EBIT outlook by nearly 7%

** Coles on Friday posted Q1 group sales revenue of A$11.21 billion ($7.88 billion), missing Visible Alpha's estimate of A$11.31 billion; heightened promotional activity by competitors hurt early Q2 sales

** Factor in some improvement in 2H27 like-for-like sales estimates but expect Coles to lag Woolworths on like-for-like sales for the rest of FY27 - Citi

** Jefferies expects flat H1 Supermarkets EBIT, based on 3.3% sales growth and 22bps EBIT margin contraction

** COL up 1% YTD, as of last close

($1 = 1.4225 Australian dollars)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.