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Metcash Limited ( (AU:MTS) ) has shared an update.
Metcash Limited has announced a change in the interests of its director, Douglas Jones, due to the lapse of performance rights. The lapse occurred because the performance hurdles for the FY23 long-term incentive grant were not met, resulting in a decrease in the number of performance rights held by the director. This change reflects the company’s adherence to performance-based incentives and may impact the director’s future engagement with the company’s strategic goals.
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, focusing primarily on supplying food, liquor, and hardware products to independent retailers across Australia. The company plays a significant role in supporting local businesses by providing them with the necessary products and services to compete with larger chains.
YTD Price Performance: 37.81%
Average Trading Volume: 3,695,094
Technical Sentiment Signal: Buy
Current Market Cap: A$4.58B
See more data about MTS stock on TipRanks’ Stock Analysis page.