In a report released on September 8, Owen Birrell from RBC Capital maintained a Sell rating on Graincorp Limited Class A (GRCLF – Research Report), with a price target of A$8.50. The company’s shares closed yesterday at $4.39.
Birrell covers the Industrials sector, focusing on stocks such as Sims, Brambles Limited, and Graincorp Limited Class A. According to TipRanks, Birrell has an average return of 3.4% and a 55.74% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Graincorp Limited Class A with a $6.42 average price target.
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The company has a one-year high of $5.81 and a one-year low of $4.41. Currently, Graincorp Limited Class A has an average volume of 7,365.
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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.
