You are here: News / The City view - Woolworths
The City view - Woolworths
Friday November 21st 2008
Archived article dated Friday November 21st 2008
The mounting problems at Woolworths has led Altium Securities to re-iterate its 'Sell' recommendation on the company.
The broker has also set a target price of 0p on the back of the growing prospect that the company is heading for administration. Altium suggests that given the level of debt and pension deficit this would probably leave nothing for shareholders. Woolworths shares currently trade at 1.89p following a further fall of 10% today (November 21).
Tagged as: woolworths
Share this article
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
