Metcash traded at 2.74 this Friday May 8th, decreasing 0.03 or 1.08 percent since the previous trading session. Looking back, over the last four weeks, Metcash lost 10.46 percent. Over the last 12 months, its price fell by 17.47 percent. Looking ahead, we forecast Metcash to be priced at 2.65 by the end of this quarter and at 2.50 in one year, according to Trading Economics global macro models projections and analysts expectations.
Metcash Limited is an Australia-based distribution and marketing company. The Company is engaged in supplying and supporting retailers and other businesses across the food, liquor and hardware markets. The Company operates through three segments: Food, Liquor and Hardware. The Food segment comprise the distribution of a range of products and services to independent supermarket and convenience retail outlets. The Liquor segment comprise the distribution of liquor products to independent retail outlets and hotels. The Hardware segment comprise the distribution of hardware products to independent retail outlets and the operation of company owned retail stores. Its Independent Brands Australia (IBA) business operates national independent retail brands, including IGA Liquor, Bottle-O and Cellarbrations. It has approximately 1612 supermarket retail stores, 2790 liquor retail outlets and 730 hardware retail stores.