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Goldman Sachs Sticks to Their Hold Rating for Metcash Limited (MCSHF)

Goldman Sachs analyst Lisa Deng maintained a Hold rating on Metcash Limited (MCSHFResearch Report) on September 14 and set a price target of A$4.50. The company’s shares closed today at $2.70.

According to TipRanks, Deng is a 2-star analyst with an average return of 2.1% and a 33.33% success rate. Deng covers the Consumer Goods sector, focusing on stocks such as Woolworths Group Ltd, Metcash Limited, and Breville Group Limited.

Metcash Limited has an analyst consensus of Moderate Buy, with a price target consensus of $3.17.

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The company has a one-year high of $3.63 and a one-year low of $2.59. Currently, Metcash Limited has an average volume of 925.

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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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