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Metcash Limited ( (AU:MTS) ) has issued an update.
Metcash Limited announced the issuance of 61,364 performance rights under an employee incentive scheme, which are not intended to be quoted on the ASX. This move is part of Metcash’s strategy to motivate and retain key employees, potentially impacting its operational efficiency and competitive positioning in the wholesale distribution industry.
The most recent analyst rating on (AU:MTS) stock is a Buy with a A$4.00 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, providing a range of products and services primarily focused on grocery, liquor, and hardware sectors. The company is known for supporting independent retailers across Australia, enabling them to compete effectively in the market.
Average Trading Volume: 3,252,826
Technical Sentiment Signal: Buy
Current Market Cap: A$4.31B
For a thorough assessment of MTS stock, go to TipRanks’ Stock Analysis page.