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The price-to-earnings ratio (P/E ratio) is a tool used to determine a company’s value, and can alternatively be referred to as the earnings multiple or price multiple. Utilised by investors and analysts, this calculation measures the current share price against earnings-per-share (EPS). Such information provides insight into the comparative value of stock and demonstrates whether a company is currently undervalued or overvalued. It can also indicate whether investors anticipate future growth. By examining historical patterns, a company might use the ratio to analyse its performance over time, while it can similarly be employed by analysts to make comparisons between aggregate markets. ....
Coles is gearing up to raise unprecedented funds to fight Motor Neurone Disease this year by nearly doubling the number of locations where it will run. ....
By Mark Woodruff Guide: The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS. For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio. Ratings, consensus target price and forecast earnings tables are published at the bottom of this report. Summary Total Upgrades: 11 Net Ratings Breakdown: Buy 55.01%; Hold 37.98%; Sell 7.01% For theweek ending Friday 30 April, there were eleven upgrades and six downgrades to ASX-listed companies by brokers in the FNArena database. ....
Trolley Wars The ASX200 opened strongly yesterday but fell to be only up 7 late morning. At lunchtime it hit a high of up 32, approaching 7100, but slipped again to close up 17. The index continues to hold above 7000 but is struggling for any conviction to push higher. That lack of conviction is underscored by recent volumes being to the low side. Perhaps we’re all waiting for the May budget to spark some life into the market, or not. Meanwhile, the focus has been on the flood of corporate quarterly updates. This week the big supermarkets have been in focus. It is a truth universally acknowledged that one of the two majors will be performing better for a period than the other, before those roles reverse for a time, and later back again. For a long time Woolworths ((WOW)) was leaving Coles ((COL)) in its dust until Coles spun out of Wesfarmers and hit the front thanks to aged rock stars and Little Shop landfill. ....
By Reuters Staff (Recasts with shares, CEO and analyst comment) April 29 (Reuters) - Australia’s biggest supermarket chain Woolworths Group on Thursday offered a less upbeat reading of sales so far in April than rival Coles Group as shopping patterns return to pre-pandemic levels, sending its shares lower. Coles, Australia’s No. 2 grocer, had said in a quarterly trading update a day earlier that grocery sales since the start of April were up 4%, but Woolworths called conditions “volatile” and with sales “broadly flat”. Shares of Woolworths slid 3.6% - its sharpest fall in nearly two months - while Coles shot nearly 5% higher. ....