GrainCorp Limited (OTCMKTS:GRCLF – Get Rating)'s share price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $5.74 and traded as low as $5.40. GrainCorp shares last traded at $5.40, with a volume of 123 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GRCLF shares. CLSA upgraded shares of GrainCorp to a "buy" rating and set a $10.00 price target on the stock in a research report on Friday, July 15th. Royal Bank of Canada downgraded GrainCorp from an "outperform" rating to a "sector perform" rating in a report on Thursday, August 4th.

GrainCorp Stock Performance

The company has a 50 day simple moving average of $5.74 and a two-hundred day simple moving average of $6.42.

GrainCorp Company Profile

GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.

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