UBS analyst Shaun Cousins maintained a Buy rating on Metcash Limited (MCSHF – Research Report) today and set a price target of A$4.25. The company’s shares closed last Monday at $2.26.
According to TipRanks, Cousins is a 3-star analyst with an average return of 3.6% and a 46.43% success rate. Cousins covers the Consumer Defensive sector, focusing on stocks such as Treasury Wine Estates Limited, Woolworths Group Ltd, and Coles Group Ltd..
Metcash Limited has an analyst consensus of Moderate Buy, with a price target consensus of $2.73, a 20.80% upside from current levels. In a report released on November 14, Jarden also maintained a Buy rating on the stock with a A$4.40 price target.
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MCSHF market cap is currently $2.37B and has a P/E ratio of 13.24.
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Metcash Limited (MCSHF) Company Description:
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.
