Metcash Strengthens Hardware Operations with Strategic Merger

An announcement from Metcash Limited ( (AU:MTS) ) is now available.

Metcash Limited announced the merger of its Independent Hardware Group and Total Tools Holdings to form the Total Tools and Hardware Group, led by Scott Marshall. This strategic move aims to create a more resilient hardware pillar, enhancing growth and market positioning by leveraging shared resources and strategic alignment. The merger is expected to benefit stakeholders by maximizing opportunities for profitable growth, especially in anticipation of market improvements. Additionally, Metcash’s FY25 financial results indicate a slightly better performance than market consensus, with underlying profit after tax expected to be between $273 million and $277 million.

The most recent analyst rating on (AU:MTS) stock is a Hold with a A$3.40 price target. To see the full list of analyst forecasts on Metcash Limited stock, see the AU:MTS Stock Forecast page.

More about Metcash Limited

Metcash Limited operates in the wholesale and distribution industry, focusing on providing products and services across three main pillars: Food, Liquor, and Hardware. The company is known for its well-established hardware brands such as Mitre 10, Home Hardware, and Total Tools, catering to both trade and DIY home improvement sectors.

YTD Price Performance: 9.35%

Average Trading Volume: 3,109,769

Technical Sentiment Signal: Buy

Current Market Cap: A$3.72B

For detailed information about MTS stock, go to TipRanks’ Stock Analysis page.