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.
The loss of a lucrative supply…
-
General24 hours agoTens of thousands protest in nationwide action against war in Gaza
-
Noosa News21 hours agoChild sex offenders to be known in Queensland public registry
-
General21 hours agoThousands flood cities demanding action on Palestine
-
General23 hours agoAuthorities say charged man used false name to escape from Perth court