Brokerages upbeat on Australia's Elders after positive annual results

Elders

17/11/2025 19:38

** Brokerages see upside and have a favourable seasonal outlook for agribusiness firm Elders ELD.AX following a positive annual report

** Co on Monday logged a 34% rise in FY underlying profit after tax

** Citi says there is a "myriad of low-hanging fruit" for Elders to improve working capital and leverage

** Adds cattle volumes and pricing continue to remain supportive, with improved sentiment across livestock market expected to continue to drive agricultural property market

** Brokerage retains "buy" tag, target price A$8.45

** Jefferies flags favourable climate outlook across much of Australia to support local crop production and livestock prices for 2025-26; also sees capex to dial down from FY27

** Brokerage slightly hikes revenue estimate by 1% for FY26; retains "hold" tag and price target A$7.8

** Stock up 3.5% so far this year, as of last close

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))