ISI Group Reiterates “add” Rating for Metcash Limited (MTS)
Metcash Limited (ASX:MTS)‘s stock had its “add” rating reaffirmed by equities researchers at ISI Group in a research report issued on Wednesday. They currently have a $3.30 target price on the stock, up from their previous target price of $3.20.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Metcash Limited in a research note on Friday, June 27th. They now have a $2.60 price target on the stock.
Shares of Metcash Limited (ASX:MTS) traded down 0.56% during mid-day trading on Wednesday, hitting A$2.685. 471,708 shares of the company’s stock traded hands. Metcash Limited has a 1-year low of A$2.540 and a 1-year high of A$3.720. The stock’s 50-day moving average is A$2.82 and its 200-day moving average is A$2.93. The company has a market cap of A$2.385 billion and a price-to-earnings ratio of 14.06.
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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