Jefferies analyst Michael Simotas maintained a Hold rating on Metcash Limited (MCSHF – Research Report) on December 21 and set a price target of A$3.60. The company’s shares closed last Thursday at $2.30.
Simotas covers the Consumer Defensive sector, focusing on stocks such as Coles Group Ltd., Metcash Limited, and Woolworths Group Ltd. According to TipRanks, Simotas has an average return of 6.7% and a 62.50% success rate on recommended stocks.
Currently, the analyst consensus on Metcash Limited is a Moderate Buy with an average price target of $2.72.
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MCSHF market cap is currently $2.31B and has a P/E ratio of 12.65.
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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.
