The company’s shares closed last Thursday at $3.25.
According to TipRanks.com, Gilbert is a 1-star analyst with an average return of -8.0% and a 42.1% success rate. Gilbert covers the Consumer Goods sector, focusing on stocks such as Treasury Wine Estates Limited, Temple & Webster Group Ltd, and Wesfarmers Limited.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Metcash Limited with a $3.23 average price target.
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Metcash Limited’s market cap is currently $3.19B and has a P/E ratio of 17.69.
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Metcash is a wholesale distribution and marketing company specialising in grocery, fresh produce, liquor, hardware, and other fast-moving consumer goods. Metcash has three business units: food and grocery, liquor, and hardware. Centralised wholesale distribution enables retailers to gain access to the combined scale of a large number of retailers to negotiate meaningful volume discounts.
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