In a report released today, Adrian Lemme from Citi maintained a Hold rating on Metcash Limited (MCSHF – Research Report), with a price target of A$4.00. The company’s shares closed last Monday at $2.26.
According to TipRanks, Lemme is a 2-star analyst with an average return of 0.1% and a 47.83% success rate. Lemme covers the Consumer Defensive sector, focusing on stocks such as Metcash Limited, Woolworths Group Ltd, and Coles Group Ltd..
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Metcash Limited with a $2.76 average price target.
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MCSHF market cap is currently $2.31B and has a P/E ratio of 13.02.
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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.
