|Day's Range||40.63 - 41.06|
|52 Week Range||39.52 - 46.06|
|PE Ratio (TTM)||77.56|
|Dividend & Yield||2.16 (6.94%)|
|1y Target Est||N/A|
Rating Action: Moody's takes action on Alinta Energy Limited. Global Credit Research- 22 Jun 2017. Sydney, June 22, 2017-- Moody's Investors Service has today assigned a Ba1 corporate family rating to ...
Australian retail stocks have started the week in the red after Amazon (AMZN) unveiled a $13.7 billion bid for grocery retailer Whole Foods (WFM). Wesfarmers (WES.AU), which operates the Coles supermarket chain, is down around 1%. The proposed acquisition of Whole Foods signals Amazon's ambition to grab a greater share of consumers' wallets with a move into groceries.
SYDNEY/SAN FRANCISCO (Reuters) - Since Amazon.com Inc (AMZN.O) said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. More than $3 billion, or over 4 percent, has been wiped off the collective market value of six companies - Wesfarmers Ltd (WES.AX), Woolworths Ltd (WOW.AX), JB Hi-Fi Ltd (JBH.AX), Harvey Norman Holdings Ltd (HVN.AX) Super Retail Group Ltd (SUL.AX) and Myer Holdings Ltd (MYR.AX) - and Morgan Stanley analysts predict Amazon's entry will knock 2-15 percent off what their annual sales would have been by 2026.