GrainCorp (OTCMKTS:GRCLF – Get Free Report) will likely be announcing its results before the market opens on Thursday, May 14th. Analysts expect the company to announce earnings of $0.2159 per share and revenue of $2.8165 billion for the quarter.
GrainCorp Price Performance
OTCMKTS:GRCLF opened at $4.27 on Tuesday. GrainCorp has a 1 year low of $3.63 and a 1 year high of $6.15. The business has a fifty day moving average of $4.52 and a 200-day moving average of $4.82.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada cut GrainCorp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
About GrainCorp
GrainCorp Limited (OTCMKTS:GRCLF) is an Australian agribusiness and global provider of bulk storage, handling, processing and marketing services for grain and related commodities. The company’s integrated supply chain operations enable it to source grain directly from growers, manage inland storage and receival facilities across eastern Australia, and transport commodities to port terminals for domestic and international customers.
Within its core grain division, GrainCorp offers commodity marketing services, risk management solutions and logistics support for the movement of cereal grains such as wheat, barley and canola.
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