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Australian Agricultural Company ( (AU:AAC) ) has provided an announcement.
AACo has reported that severe flooding in north-western Queensland has affected three of its Gulf properties, which together hold about 55,000 head of cattle, and is prioritising the safety of staff, animal welfare and support for local communities while managing evolving conditions on the ground. Although the company does not insure its herd or infrastructure for flood events and expects the financial impact for the March 2026 year to be material, it emphasised that most of its operations in south-western Queensland and the Northern Territory remain unaffected, enabling it to meet supply commitments, and stated that its balance sheet and financial position remain strong while detailed assessments of livestock, infrastructure and earnings impact continue.
The most recent analyst rating on (AU:AAC) stock is a Buy with a A$1.95 price target. To see the full list of analyst forecasts on Australian Agricultural Company stock, see the AU:AAC Stock Forecast page.
More about Australian Agricultural Company
Australian Agricultural Company Limited (AACo) is one of Australia’s largest integrated beef producers, operating 27 properties across Queensland and the Northern Territory. The company manages a herd of around 456,000 head of cattle and focuses on supplying premium beef to key domestic and international markets in line with its strategic market positioning.
YTD Price Performance: 0.35%
Average Trading Volume: 128,279
Technical Sentiment Signal: Buy
Current Market Cap: A$873.6M
Learn more about AAC stock on TipRanks’ Stock Analysis page.