Nufarm's Trading Update Looks Encouraging -- Market Talk

Dow Jones
Apr 16

2349 GMT - Crop-chemicals supplier Nufarm's trading update was encouraging, says Jefferies. Nufarm signaled 1H Ebitda of A$236 million-A$244 million. Analyst Ramoun Lazar says that is in line with consensus forecasts of A$240 million. Also, Nufarm pointed to positive momentum into April with supply chains operating normally. Still, Jefferies sticks with a hold call on the stock when raising its price target by 3.1% to A$2.66/share. "While positive, leverage remains high for a business with volatile earnings, and we would like to see more evidence of stabilization in crop-protection markets given pressured farmer profitability," Jefferies says. "Nufarm is heading in the right direction, but shares are already priced for further improvement." Nufarm ended Wednesday at A$2.47. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

April 15, 2026 19:49 ET (23:49 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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