Woolworths (WOW) Stock Recommendation

Woolworths (WOW) has a Neutral 1 stock recommendation and a share price target of $23.06 by stock analyst and investment banker UBS. UBS also values Woolworths at $21.51 using their DCF and SOP average. They view the retailer as performing well and they "remain comfortable with our FY07 NPAT forecast being at the top end of the 16-21% growth guidance range". However, UBS' top picks in the retail sector are MTS, BBG, JBH and WOW respectively. On the other hand, Citigroup Investment Research (CIR) have increased their forecasts by less than 1 percent: "CIR increased WOWs' FY07e EPS by 0.7% and FY08e by 0.9%. The change reflects higher Food & Liquor sales in Australia and benefits from Hotel refurbishments." The stock analyst also believes that WOW profit margins in Big W is improving: "Big W is increasing sales in high-margin soft goods at the expense of low-margin hard goods."

Woolworths Limited is listed on the Australian Stock Exchange (ASX) under stock code WOW. You can view their investor website here. WOW was listed on the ASX on 12 July, 1993. Woolworths is primarily involved in food, general merchandise and specialty retailing through chain store operations. Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. You can check out previous Woolworths (WOW) news and recommendations.Check your charts and good luck with your share trading!