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 Thursday at $2.30.
According to TipRanks, Lemme is ranked #4155 out of 8638 analysts.
In addition to Citi, Metcash Limited also received a Hold from Goldman Sachs’s Lisa Deng in a report issued yesterday. However, on the same day, Jefferies upgraded Metcash Limited (Other OTC: MCSHF) to a Buy.
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The company has a one-year high of $2.96 and a one-year low of $2.01. Currently, Metcash Limited has an average volume of 1,944.
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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.
