Metcash Limited

MTS

AU000000MTS0

Food Retail & Distribution

Delayed Australian S.E. Other stock markets 02:10:05 2024-04-29 am EDT			5-day change	1st Jan Change
3.9 ^AUD	+0.26%		-0.26%	+11.75%

Apr. 26	Australian Competition Regulator Clears Metcash’s Proposed Acquisition of Food Distributor	MT
Apr. 08	Australia supermarkets should face hefty fines for code of conduct breach, says report	RE

Weekly Top Ten News Stories - 29 March 2024

March 28, 2024 at 10:35 pm EDT

Our top ten news from 21 March 2024 to 28 March 2024 (ranked according to popularity).

1 - Metcash: Investing For Growth

Thursday 21 March 2024

It's been a slow start to 2024 for Metcash, but the company is investing across its spectrum to drive future growth, which most brokers applaud

2 - Preparing For Copper Price Upside

Tuesday 26 March 2024

Analysts have positive views on potential upside for the copper price based on recent news out of China and longer-term fundamentals

3 - In Case You Missed It - BC Extra Upgrades & Downgrades - 22-03-24

Friday 22 March 2024

A summary of the highlights from Broker Call Extra updates throughout the week past

4 - Uranium Week: Politics Dominates

Tuesday 26 March 2024

The uranium market remains in a state of uncertainty, awaiting geopolitical developments

5 - In Brief: Supermarkets, Consumer Slowdown, AI & Commodities

Friday 22 March 2024

Weekly Broker Wrap: regulatory risks for supermarkets; the global outlook for consumer markets; AI from the small business viewpoint; and Citi's commodity price outlook

6 - Buy Call For a2 Milk

Thursday 21 March 2024

The technicals for a2 Milk have the Chartist recommending a Buy at the breakout level

7 - A Premier Result, With De-Mergers Next

Wednesday 27 March 2024

Premier Investments' first half earnings surprised brokers amidst a cost of living crisis. Management announced plans to separate the two growth drivers

8 - FNArena Corporate Results Monitor - 22-03-2024

Friday 22 March 2024

FNArena's Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments

9 - Weekly Ratings, Targets, Forecast Changes - 22-03-24

Monday 25 March 2024

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

10 - Crude Oil: On Watch

Wednesday 27 March 2024

The Chartist is bullish on oil prices but would like to see more upside conviction

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Latest news about Metcash Limited

Australian Competition Regulator Clears Metcash’s Proposed Acquisition of Food Distributor	Apr. 25	MT
Australia supermarkets should face hefty fines for code of conduct breach, says report	Apr. 07	RE
Australia proposes mandatory code of conduct for supermarkets, millions in fines	Apr. 07	RE
Australian Supermarkets Could Face Fines Under New Code of Conduct	Apr. 07	DJ
Jarden Adjusts Metcash’s Price Target to AU$4.20 From AU$4.30, Keeps at Overweight	Mar. 12	MT
Metcash Completes Upsized AU$60 Million Share Purchase Plan	Mar. 05	MT
Fletcher Reportedly Pitches for Banks to Sell Off Tradelink	Feb. 20	CI
Metcash Raises AU$300 Million Via Institutional Placement	Feb. 05	MT
Metcash to Seek Acquisitions	Feb. 04	CI
Transcript : Alpine Truss Pty. Ltd., Metcash Limited, Sfg Group Holdings Pty Ltd - M&A Call	Feb. 04
Australian grocery wholesaler Metcash acquires three businesses for $363 mln	Feb. 04	RE
Metcash Limited entered into binding agreement to acquire Superior Food Group Pty Ltd for approximately AUD 410 million.	Feb. 04	CI
Metcash Limited has entered into binding agreement to acquire Bianco Construction Supplies Pty Limited.	Feb. 04	CI
Metcash Limited has entered into binding agreement to acquire Alpine Truss Pty. Ltd.	Feb. 04	CI
Metcash Confirms Discussions with Vendors for Potential Acquisition of Superior Food Group	Jan. 31	CI
Metcash Limited Appoints Kylie Wallbridge as CEO of the Liquor Pillar	Jan. 07	CI
Transcript : Metcash Limited, H1 2024 Earnings Call, Dec 04, 2023	Dec. 03
Metcash Limited Announces an Ordinary Fully Paid Dividend for the Period of Six Months Ended October 31, 2023, Payable on January 30, 2024	Dec. 03	CI
Metcash Limited Reports Earnings Results for the Half Year Ended October 31, 2023	Dec. 03	CI
Metcash Limited agreed to acquire remaining 15% stake in Total Tools Importing Pty Ltd for approximately AUD 100 million.	Nov. 12	CI
CEO at Metcash's Liquor Business Resigns	23-10-10	MT
Metcash Appoints Group CFO	23-07-25	MT
Metcash Limited Announces CFO Changes	23-07-24	CI
Banks, commodity stocks weigh on Aussie shares; inflation data awaited	23-06-26	RE
Miners, financials drag Australian shares to near 3-month low	23-06-25	RE

Metcash Limited is an Australia-based wholesale distribution and marketing company. The Company provides merchandising, operational and marketing support for its food, liquor and hardware customers. Its segments include food, liquor and hardware. The food segment distributes a range of products and services to independent supermarkets and convenience retail outlets. The hardware segment is engaged in the distribution of hardware products to independent retail outlets and the operation of corporate and joint venture retail stores. The liquor segment distributes liquor products to independent retail outlets and hotels. It provides various liquor brands, including Thirsty Camel, Big Bargain Bottleshop and Duncans. The Company's hardware brands include Mitre 10, Home Hardware, Total Tools and Hardings Hardware. The Company provides services to independent retailers in various corners of Australia, including Cape York and Cooktown in the Northeast, and Dampier and Broome in the Northwest.

Sector

Food Retail & Distribution

Calendar

2024-06-23 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

More about the company

Income Statement Evolution

More financial data

Ratings for Metcash Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.9 AUD

Average target price

4.212 AUD

Spread / Average Target

+7.99%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

Sector Food Wholesale

	1st Jan change	Capi.
METCASH LIMITED	+11.75%	2.77B
BID CORPORATION LIMITED	-0.17%	7.58B
SICHUAN BAICHA BAIDAO INDUSTRIAL CO., LTD.	0.00%	2.23B
ALMUNAJEM FOODS COMPANY	+56.04%	1.81B
THE CHEFS' WAREHOUSE, INC.	+16.96%	1.34B
VITAL FARMS, INC.	+71.06%	1.13B
KATO SANGYO CO., LTD.	-1.52%	967M
MARR S.P.A.	+5.92%	851M
SLIGRO FOOD GROUP N.V.	-10.21%	669M
ITOCHU-SHOKUHIN CO., LTD.	-12.14%	560M

Food Wholesale

Metcash Limited

Equities

MTS

AU000000MTS0

Food Retail & Distribution

Weekly Top Ten News Stories - 29 March 2024

1 - Metcash: Investing For Growth

2 - Preparing For Copper Price Upside

3 - In Case You Missed It - BC Extra Upgrades & Downgrades - 22-03-24

4 - Uranium Week: Politics Dominates

5 - In Brief: Supermarkets, Consumer Slowdown, AI & Commodities

6 - Buy Call For a2 Milk

7 - A Premier Result, With De-Mergers Next

8 - FNArena Corporate Results Monitor - 22-03-2024

9 - Weekly Ratings, Targets, Forecast Changes - 22-03-24

10 - Crude Oil: On Watch

Latest news about Metcash Limited

Chart Metcash Limited

Company Profile

Income Statement Evolution

Ratings for Metcash Limited

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Food Wholesale