The company’s shares closed last Thursday at $3.25.
Curran has an average return of 43.4% when recommending Metcash Limited.
According to TipRanks.com, Curran is ranked #2708 out of 7915 analysts.
Metcash Limited has an analyst consensus of Moderate Buy, with a price target consensus of $3.22, implying a 7.9% upside from current levels. In a report issued on June 24, Credit Suisse also maintained a Buy rating on the stock with a price target.
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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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