Morningstar expects Australia's GrainCorp to benefit from favorable weather

Graincorp

22/09/2025 22:37

** Morningstar raises its fair value estimate for GrainCorp GNC.AX by 5% to A$8.30 per share, reflecting higher near‑term earnings forecasts

** Morningstar raises EBITDA forecast for GNC for fiscal 2026 by 11% to A$332 million ($219.02 million)

** Forecasts helped by above-average rainfall projections from the Bureau of Meteorology, good soil moisture content, and a larger planted area than average - Morningstar

** Eight of nine analysts rate the stock "buy" or higher, and one rate "hold"; their median price target is A$9.10, according to data compiled by LSEG

** Stock up 22.1% YTD, as of last close

($1 = 1.5158 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))