MARKETS SPECTATOR: Woolworths waning

Woolworths' modest third-quarter sales reinforce Citigroup's view the stock is too expensive.

Woolworths shares may be coming under pressure. The stock is just too expensive on price earnings analysis.

Citigroup, which has a sell rating on the shares, says Woolworths’ earnings per share “growth potential does not justify a PE ratio of 17 times” forecast 2014 earnings.


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