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Metcash Limited ( (AU:MTS) ) just unveiled an update.
Metcash Limited has announced a change in the interest of its director, Marina Simone Go, who has increased her indirect shareholding in the company by acquiring 15,000 ordinary shares through an on-market trade. This transaction, valued at $49,845, raises her total holding to 39,112 shares. The acquisition reflects a potential vote of confidence in the company’s future prospects and may positively influence stakeholder perceptions.
The most recent analyst rating on (AU:MTS) stock is a Hold with a A$3.50 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 within the wholesale distribution industry, primarily focusing on supplying groceries, fresh produce, and liquor to independent retailers across Australia. The company plays a crucial role in supporting local businesses by providing them with essential products and services.
Average Trading Volume: 3,535,533
Technical Sentiment Signal: Sell
Current Market Cap: A$3.66B
Find detailed analytics on MTS stock on TipRanks’ Stock Analysis page.