In a report released on December 6, Ben Gilbert from Jarden maintained a Buy rating on Metcash Limited (MCSHF – Research Report), with a price target of A$4.40. The company’s shares closed last Tuesday at $2.91.
According to TipRanks, Gilbert is a 2-star analyst with an average return of 0.1% and a 40.91% success rate. Gilbert covers the Consumer Goods sector, focusing on stocks such as Coles Group Ltd., Metcash Limited, and Woolworths Group Ltd.
Currently, the analyst consensus on Metcash Limited is a Moderate Buy with an average price target of $3.04, implying a 4.31% upside from current levels. In a report released on December 6, J.P. Morgan also maintained a Buy rating on the stock with a A$4.90 price target.
See Insiders’ Hot Stocks on TipRanks >>
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
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
