What is the prediction for Graincorp?

Average Price Target Based on 8 Wall Street analysts offering 12 month price targets for Graincorp Limited Class A in the last 3 months. The average price target is AU$9.48 with a high forecast of AU$10.24 and a low forecast of AU$8.27 . The average price target represents a 2.12% change from the last price of AU$9.28.

Is GrainCorp a good investment?

With profit expected to grow by a double-digit 15% over the next couple of years, the outlook is positive for GrainCorp . It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

New owner of Graincorp, ADM (Archer Daniel's Midland) is one of the world's largest processors of soybeans, corn, wheat and cocoa.

Ord Minnet Starts GrainCorp at Buy With AU$9.80 Price Target (2024)

GRAINCORP LIMITED

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Equities

GNC

AU000000GNC9

Food Processing

Market Closed - Australian S.E. Other stock markets 07:10:58 27/05/2024 BST			5-day change	1st Jan Change
8.64 ^AUD	+3.47%		+1.41%	+18.52%

06:34am	Ord Minnet Starts GrainCorp at Buy With AU$9.80 Price Target	MT
05-16	Transcript : GrainCorp Limited, H1 2024 Earnings Call, May 16, 2024

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Latest news about GrainCorp Limited

Ord Minnet Starts GrainCorp at Buy With AU$9.80 Price Target	05:34am	MT
Transcript : GrainCorp Limited, H1 2024 Earnings Call, May 16, 2024	05-16
GrainCorp Posts 75% Drop in H1 Net Profit; Declares Dividend	05-16	MT
GrainCorp Limited Reports Earnings Results for the Half Year Ended March 31, 2024	05-15	CI
CLSA Downgrades GrainCorp to Accumulate from Buy, Price Target is AU$9	05-07	MT
Jefferies Downgrades GrainCorp to Hold from Buy, Price Target is AU$9.10	05-07	MT
GrainCorp Posts AU$164 Million in H1 EBITDA, Down from AU$383 Million	05-05	MT
GrainCorp Completes Acquisition of Local Feed Supplement Producer XF	04-03	MT
GrainCorp Limited completed the acquisition of Xf Australia Pty Ltd.	04-01	CI
GrainCorp Gets Nod from Australian Competition Regulator on XF Acquisition	03-24	MT
GrainCorp Limited Announces Change of Registered Office and Principal Place of Business	02-21	CI
GrainCorp Discloses Earnings Guidance for Fiscal Year 2024; Shares Slump 14%	02-14	MT
Transcript : GrainCorp Limited - Shareholder/Analyst Call	02-13
Strong Wage Data, Increase in Employed People Drag Down Australian Shares	11-16	MT
Graincorp Grows Fiscal 2023 Profit; to Conduct AU$50 Million Buyback; Shares Up 4%	11-16	MT
GrainCorp Limited authorizes a Buyback Plan.	11-15	CI
Transcript : GrainCorp Limited, 2023 Earnings Call, Nov 16, 2023	11-15
GrainCorp Limited Reports Earnings Results for the Full Year Ended September 30, 2023	11-15	CI
GrainCorp Limited announces an Equity Buyback for 22,433,699 shares, representing 10% of its issued share capital.	11-15	CI
GrainCorp Limited Announces Final Franked Ordinary Dividend, Payable on December 14, 2023	11-15	CI
GrainCorp Acquiring Animal Nutrition Firm	11-15	MT
GrainCorp Limited entered into a binding share sale agreement to acquire Xf Australia Pty Ltd for AUD 35 million.	11-14	CI
GrainCorp Limited Announces Board Appointments, Effective 1 December 2023	25/10/23	CI
ZoomAgri SLU announced that it has received $9 million in funding from Artesian Capital Management Pty. Ltd., GrainCorp Limited, SP Ventures Gestora de Recursos S.A.	18/07/23	CI
Australia's Graincorp jumps 8% on annual outlook hike, special dividend (May 11)	11/05/23	RE

Chart GrainCorp Limited

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Company Profile

GrainCorp Limited is an Australia-based diversified agribusiness company. The Company operates through two segments: Agribusiness and Processing. The Agribusiness segment provides a grains and oil supply chain business with diversified international grains and oils. Its Agribusiness segment also provides commodities and products, including wheat, coarse grains (such as barley, sorghum and corn), oilseeds, pulses, organics, animal fats, used cooking oils and vegetable oils for animal feed purposes. The Processing segment is engaged in a vertically integrated edible oils crushing, processing, manufacturing and distribution business with a footprint across both Australia and New Zealand. The Company sells and delivers grains annually to more than 50 countries through its trading desks and offices in Australia, Canada, China, India, New Zealand, Singapore, the United Kingdom and Ukraine. Its subsidiaries include Auscol Pty Ltd, CropConnect Pty Ltd, Champion Liquid Feeds Pty Ltd and others.

Sector

Food Processing

Income Statement Evolution

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Ratings for GrainCorp Limited

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

8.64AUD

Average target price

9.104AUD

Spread / Average Target

+5.37%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Food Processing

	1st Jan change	Capi.
GRAINCORP LIMITED	+18.52%	1.24B
NESTLÉ S.A.	-5.28%	265B
MONDELEZ INTERNATIONAL, INC.	-5.70%	91.61B
KRAFT HEINZ	-3.06%	43.53B
DANONE	+1.02%	41.33B
THE HERSHEY COMPANY	+5.66%	39.84B
GENERAL MILLS, INC.	+4.85%	38.56B
ARCHER-DANIELS-MIDLAND COMPANY	-16.24%	29.91B
NESTLÉ INDIA LIMITED	-7.51%	28.64B
ASSOCIATED BRITISH FOODS PLC	+15.00%	25.88B

Other Food Processing

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News GrainCorp Limited
Ord Minnet Starts GrainCorp at Buy With AU$9.80 Price Target

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