Jefferies raises GrainCorp target due to higher Australia crop forecast

Graincorp

14/09/2025 21:26

** Jefferies upbeat on Australia's GrainCorp GNC.AX as brokerage projects higher winter crop production for the grain handler in 2025-2026

** Raises price target for GNC to A$9.70 from A$9.20, maintains its 'buy' rating

** Jefferies says Australia's winter crop production forecast to increase by 2% to 62 mln metric tons in 2025-2026, the third highest on record if realised.

** Expects 32% rise in FY26 EBITDA for GNC's Agribusiness division

** Jefferies, however, trims GNC's FY26 EBITDA for the oilseeds processing division by 17% due to weaker crush margins

** Jefferies increases FY25-FY26 EPS targets for GNC by 3% and 25%, respectively, but lowers FY27 EPS target by 6%

** Nine of eight analysts rate the stock "buy" or higher; one "hold"; their median PT is A$9.10, as per data compiled by LSEG

** YTD, stock up 18.1%, as of last close

 (Reporting by Ananya Verma in Bengaluru)

 ((ananya.verma@thomsonreuters.com;))