Metcash

Do you think Metcash, bought in mid $3s, is worth another go to average the cost back?

A: Thanks for the question.


As I am not really a huge fan of averaging down (particularly on a stock that is a long way south), I would say no.


In regards to the brokers, they are arguably a little more positive. Although sentiment is negative at -0.4 (range -1.0 to +1.0), their consensus target price of $2.23 is almost 50% higher than the current market price.



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