Jefferies cuts GrainCorp PT after half-yearly profit slumps

Graincorp

14/05/2026 23:50

** Analysts at Jefferies lower price target on Australia's GrainCorp GNC.AX to A$7.50 from A$7.80, but retain "buy" rating

** The agribusiness firm posted a 92.1% fall in half-yearly net profit after tax to A$4.6 million ($3.32 million) on Thursday

** Jefferies cuts FY26, FY27 and FY28 EPS estimate for GrainCorp by 9%, 18% and 16%, respectively

** "GNC margins remain muted, with FY27 outlook worsening as a big East Coast crop is required to turn earnings, and therefore we take a conservative approach to FY28" - brokerage

** Four out of nine analysts rate the stock "buy" or higher, three "hold" and two "sell"; median PT at A$6.75 - data compiled by LSEG

** Shares down 25.1% YTD

($1 = 1.3850 Australian dollars)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))