In a report released today, Shaun Cousins from UBS maintained a Buy rating on Metcash Limited (MCSHF – Research Report), with a price target of A$4.50. The company’s shares closed last Thursday at $2.42.
According to TipRanks, Cousins is a 3-star analyst with an average return of 5.1% and a 51.72% success rate. Cousins covers the Consumer Defensive sector, focusing on stocks such as Coles Group Ltd., Woolworths Group Ltd, and Treasury Wine Estates Limited.
In addition to UBS, Metcash Limited also received a Buy from J.P. Morgan’s Bryan Raymond in a report issued on June 21. However, on June 20, Jefferies maintained a Hold rating on Metcash Limited (Other OTC: MCSHF).
See the top stocks recommended by analysts >>
MCSHF market cap is currently A$3.47B and has a P/E ratio of 13.55.
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.
