According to TipRanks.com, Deng is a 2-star analyst with an average return of 0.3% and a 33.3% success rate. Deng covers the Consumer Goods sector, focusing on stocks such as Harvey Norman Holdings Ltd, Wesfarmers Limited, and Coles Group Ltd.
Currently, the analyst consensus on Metcash Limited is a Strong Buy with an average price target of $3.34.
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Based on Metcash Limited’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.
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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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