RBC Capital analyst Owen Birrell maintained a Hold rating on Graincorp Limited Class A (GRCLF – Research Report) on September 6 and set a price target of A$9.00. The company’s shares closed yesterday at $5.63.
Birrell covers the Industrial Goods sector, focusing on stocks such as Aurizon Holdings Ltd., Transurban Group Ltd., and Qantas Airways Limited. According to TipRanks, Birrell has an average return of 2.1% and a 60.87% success rate on recommended stocks.
In addition to RBC Capital, Graincorp Limited Class A also received a Hold from UBS’s Apoorv Sehgal in a report issued yesterday. However, on the same day, Credit Suisse maintained a Buy rating on Graincorp Limited Class A (Other OTC: GRCLF).
See the top stocks recommended by analysts >>
The company has a one-year high of $7.82 and a one-year low of $4.42. Currently, Graincorp Limited Class A has an average volume of 1,575.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
GrainCorp Ltd. engages in agribusiness with operations in food supply chain. It operates through the following segments: Grains, Malt and Oils. The Grains segment operates as two separate business units-Storage & Logistics and Marketing. The Grains segment includes grain receivals, transport, testing, storage of grains, marketing of grains & agricultural products, and the operation of grain pools. The Malt segment includes production of malt products, provision of brewing inputs and malting services to brewers and distillers. The Oils segment include processing and crushing of oilseeds, supplying edible oils and feeds, operating bulk liquid port terminals, storage, packaging, transport and logistics operations. The company was founded in 1916 and is headquartered in Sydney, Australia.
Read More on GRCLF:
- RBC Capital Remains a Buy on Avid Bioservices (CDMO)
- Healthequity (HQY) Gets a Buy from RBC Capital
- Analysts’ Top Financial Picks: Commerzbank AG (CRZBY), Westpac Banking (WEBNF)
- Get an iPhone 14 Pro on us with select trade-in and qualifying Unlimited plan
- 2 Blue Chip Dividend Stocks Yielding Up to 7%; Analysts Say ‘Buy’
