Metcash Looks Undervalued Despite Share-Price Bump -- Market Talk

Dow Jones
May 12

0123 GMT - Metcash appears undervalued to Jarden analysts, even after the share price received a fillip following the supermarket supplier's annual profit guidance. Maintaining an overweight rating on the stock, the investment bank's analysts say that Metcash has proven over three years that it can grow market share and expand further down the value chain through retail offerings. They raise their EBIT forecast for fiscal 2026 by 1% to reflect a better-than-expected second-half run-rate, and trim it for the next two years by 2.6% and 2.0%, respectively, on a weaker performance from the Australian company's hardware business. Jarden raises its target price on the stock by 2.6% to A$3.90. Shares are up 2.2% at A$2.985. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

May 11, 2026 21:23 ET (01:23 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10