Business
Goldman says buy the Metcash (ASX:MTS) share price ahead of next week’s results
The Metcash Limited (ASX: MTS) share price is outperforming after Goldman Sachs reminded investors why they should be buying the stock ahead of its interim profit results.
The Metcash share price jumped 2.1% to $3.16 this morning when the S&P/ASX 200 Index (Index:^AXJO) gained a modest 0.2%.
The grocery distributor is even outperforming its peers. The Woolworths Group Ltd (ASX: WOW) share price dipped 0.2% to $37.77 and Coles Group Ltd (ASX: COL) share price is stuck around breakeven at $17.99 at the time of writing.
Sales optimism lifts Metcash share price
Goldman is forecasting an 11.5% increase in first half group revenue to $7.01 billion as it reiterated its “buy” recommendation on the stock.
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