The below from 'The Australian' online on Friday 17 November 2023 is for your information.
While I cannot give investment advice and would not presume to, it seems an optimistic valuation given how two or three unimpressive grain harvesting seasons are possible from 2024, even accounting for GNC's Crop Protection Contract (insurance) kicking in with a payment to GNC each year. I'd like to see the broker's reasoning:
"...GrainCorp raised to buy; price target at $9.25: Jefferies..."
Best to DYOR.
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Last
$7.48 |
Change
-0.100(1.32%) |
Mkt cap ! $1.662B | |||
| Open | High | Low | Value | Volume |
| $7.50 | $7.55 | $7.47 | $3.279M | 437.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 401 | $7.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.48 | 363 | 1 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| GNC (ASX) Chart |