GrainCorp's Report Shifts East Coast Australia Outlook to Solidly Above-10-Year Average Outcome, Jefferies Says

MT Newswires Live
昨天

GrainCorp's (ASX:GNC) September report effectively shifted the East Coast Australia outlook from a below-trend crop in June to a solidly above-10-year average outcome, Jefferies said in a Friday note.

The East Coast winter crop forecast increased to 26.6 million tonnes in September from 23.8 million tonnes in June.

The better East Coast Australia grain output comes at a time of increasing global grain tightness, particularly out of Europe and the Black Sea. The firm noted new export opportunities following recent strengthening of global grain prices.

The brokerage upwardly revised its fiscal 2026 to fiscal 2028 earnings per share forecast by 18% to 23%.

The investment firm maintained its buy recommendation on GrainCorp with a price target of AU$7.50 per share.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10