Metcash Limited Stock and Corporate Update
Market Performance
- Current price: AUD 3.14 (as of 09:28 PM Central Europe, Tuesday 20 Oct 2026).
- 24‑hour change: +0.96 %.
- Volume traded: AUD 7.9 million.
- Market capitalization: AUD 3.5 billion.
- Shares outstanding: 1.1 billion.
- Simple moving average (200 days): AUD 3.05.
- 52‑week high: AUD 3.98 (13 Nov 2025).
- 52‑week low: AUD 2.63 (5 May 2026).
- Month‑to‑month change: +11.66 % (since last month end).
Corporate Development
Metcash Limited announced that it has exercised its right to acquire the Peries Group, a Queensland‑based food business that operates fifteen medium‑ and large‑format IGA supermarkets.Key points of the transaction
- The acquisition is aimed at strengthening Metcash’s presence in Queensland, a state that has exhibited stronger retail and wholesale growth than most other Australian states over recent years.
- The Peries Group provides a significant regional retail footprint and an established operating platform that complements Metcash’s existing IGA network and its 45 % stake in the Cornetts Group.
- Metcash intends to retain the stores within the IGA network. Long‑term ownership arrangements, including possible divestments or joint ventures, will be evaluated in line with the company’s strategy of protecting and expanding the independent IGA grocery system.
- The transaction is expected to close by early 2027.
- Funding will be sourced through debt facilities, and the deal is projected to be marginally earnings‑per‑share accretive.
Related Stock Activity (24 hours)
| Ticker | 24‑hour change | Current price (AUD) | Market cap (AUD bn) | Notes |
|---|---|---|---|---|
| MP1.AX (Megaport) | –3.45 % | 15.41 | 3.9 | AGM scheduled 20 Nov 2026; agenda includes director election and equity plan adjustments. |
| PNI.AX (Pinnacle Investment Management) | +1.05 % | 14.35 | 3.3 | P/E ratio 18.45. |
| AUB.AX (AUB Group) | +0.35 % | 28.4 | 3.7 | P/E ratio 36.41; highlighted by Macquarie as a potential defender during yield‑fall scenarios. |
| WAF.AX (West African Resources) | +0.28 % | 3.51 | 4.1 | P/E ratio 6.45; disclosed transactions with BlackRock‑sponsored entities in October 2026. |
| SGM.AX (Sims) | –1.8 % | 20.55 | 4.1 | P/E ratio 16.47. |
Company Overview
Metcash Limited is a marketing and distribution company operating in the food and other consumer goods sectors. Its services include distribution centers for grocery products, liquor distribution centers, and cash‑and‑carry warehouses that serve independent retail grocery stores, liquor retailers, food service providers, and convenience stores across Australia.
