RBC Capital analyst Owen Birrell maintained a Sell rating on Graincorp Limited Class A (GRCLF – Research Report) on April 22 and set a price target of A$7.75. The company’s shares closed yesterday at $5.54.
Birrell covers the Industrials sector, focusing on stocks such as Brambles Limited, Graincorp Limited Class A, and Cleanaway Waste Management Ltd.. According to TipRanks, Birrell has an average return of 1.0% and a 50.00% success rate on recommended stocks.
Currently, the analyst consensus on Graincorp Limited Class A is a Hold with an average price target of $5.27.
GRCLF market cap is currently $1.25B and has a P/E ratio of 7.46.
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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.
