ISI Group Reiterates add Rating for Metcash Limited (MTS)
Metcash Limited (ASX:MTS)‘s stock had its “add” rating reiterated by analysts at ISI Group in a research report issued to clients and investors on Tuesday. They currently have a $3.30 price objective on the stock, up from their previous price objective of $3.20.
Shares of Metcash Limited (ASX:MTS) traded down 3.51% during mid-day trading on Tuesday, hitting A$2.750. The stock had a trading volume of 5,104,017 shares. Metcash Limited has a 52 week low of A$0.000 and a 52 week high of A$0.000. The stock has a 50-day moving average of A$0.0 and a 200-day moving average of A$0.0. The company has a market cap of A$2.422 billion and a price-to-earnings ratio of 11.26.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Metcash Limited in a research note on Thursday, June 19th. They now have a $2.60 price target on the stock.
Metcash Limited (ASX:MTS) is a wholesale distribution and marketing company specializing in grocery, fresh produce, liquor, hardware and automotive parts and accessories.
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