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Bell Potter Sticks to Their Buy Rating for Graincorp Limited Class A (GRCLF)
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Bell Potter Sticks to Their Buy Rating for Graincorp Limited Class A (GRCLF)

Bell Potter analyst Jonathan Snape maintained a Buy rating on Graincorp Limited Class A (GRCLFResearch Report) today and set a price target of A$9.50. The company’s shares closed last Friday at $4.78.

According to TipRanks, Snape is an analyst with an average return of -6.2% and a 25.96% success rate.

Currently, the analyst consensus on Graincorp Limited Class A is a Moderate Buy with an average price target of $5.56.

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GRCLF market cap is currently $1.11B and has a P/E ratio of 6.43.

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Graincorp Limited Class A (GRCLF) Company Description:

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.

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