In a report released on May 15, 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 Friday at $2.55.
According to TipRanks, Gilbert is an analyst with an average return of -1.9% and a 44.79% success rate. Gilbert covers the Consumer Goods sector, focusing on stocks such as Woolworths Group Ltd, Coles Group Ltd., and Metcash Limited.
Currently, the analyst consensus on Metcash Limited is a Hold with an average price target of $2.60.
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The company has a one-year high of $3.25 and a one-year low of $2.29. Currently, Metcash Limited has an average volume of 200.
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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.
