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Metcash Limited ( (AU:MTS) ) has issued an update.
Metcash Limited announced the cessation of 57,722 performance rights due to the failure to meet certain conditions. This development may impact the company’s capital structure and could have implications for stakeholders, as it reflects on the company’s performance metrics and the ability to meet set targets.
The most recent analyst rating on (AU:MTS) stock is a Buy with a A$4.35 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 industry, primarily focusing on supplying groceries, fresh produce, liquor, and hardware 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 retail chains.
Average Trading Volume: 3,442,748
Technical Sentiment Signal: Buy
Current Market Cap: A$4.19B
For detailed information about MTS stock, go to TipRanks’ Stock Analysis page.