Credit Suisse 23/07/2010 1 Outperform $8.50 46.8%
The broker notes malt prices have been rising in recent months due to supply weakness in Europe. This should have led Graincorp to a strong finish in FY10 and the broker expects a result at the top end of the guidance range.
The broker is also happy to be above consensus on FY11 forecasts.
Target price is $8.50 Current Price is $5.68 Difference: $2.82
If GNC meets the Credit Suisse target it will return approximately 50% (excluding dividends, fees and charges).
share price devaluation, page-16
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Last
$8.73 |
Change
0.020(0.23%) |
Mkt cap ! $1.961B | |||
| Open | High | Low | Value | Volume |
| $8.69 | $8.75 | $8.61 | $1.160M | 133.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 3124 | $8.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.73 | 684 | 13 |
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| Last trade - 14.35pm 24/07/2024 (20 minute delay) ? |
| GNC (ASX) Chart |