In a report released on September 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 Monday at $2.26.
Gilbert covers the Consumer Defensive sector, focusing on stocks such as Costa Group Holdings Ltd., Woolworths Group Ltd, and Metcash Limited. According to TipRanks, Gilbert has an average return of -3.1% and a 39.23% success rate on recommended stocks.
Metcash Limited has an analyst consensus of Moderate Buy, with a price target consensus of $2.67.
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MCSHF market cap is currently $2.33B and has a P/E ratio of 13.08.
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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.
