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Metcash Director Alters Shareholding Structure

Story Highlights
  • Metcash Limited operates in wholesale distribution, supplying groceries and consumer goods.
  • Director Douglas Jones transferred shares worth $1.05 million to a family trust.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Metcash Director Alters Shareholding Structure

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The latest announcement is out from Metcash Limited ( (AU:MTS) ).

Metcash Limited has announced a change in the director’s interest notice, involving an off-market transfer of ordinary shares by Director Douglas Jones to Kamasco Pty Ltd ATF The Kamasco Family Trust. This transfer, valued at approximately $1.05 million, reflects a strategic reallocation of shares, potentially impacting the company’s governance structure and stakeholder interests.

The most recent analyst rating on (AU:MTS) stock is a Buy with a A$4.50 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 distribution and marketing industry, primarily focusing on supplying groceries, fresh produce, and other consumer goods to independent retailers across Australia.

Average Trading Volume: 3,740,125

Technical Sentiment Signal: Buy

Current Market Cap: A$4.62B

For an in-depth examination of MTS stock, go to TipRanks’ Overview page.

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