Bega Cheese Faces Legal Appeal from Fonterra

Bega Cheese Limited ( (AU:BGA) ) has provided an announcement.

Bega Cheese Limited is currently involved in legal proceedings with Fonterra Brands (Australia) Pty Ltd and Bonland Cheese Trading Pty Ltd, collectively referred to as the Fonterra Companies. The Supreme Court of New South Wales dismissed the Fonterra Companies’ case, which sought declarations regarding the impact of a proposed transaction on their Trade Mark Licence Agreements with Bega. Fonterra has now sought leave to appeal this decision, while Bega remains committed to defending its rights.

The most recent analyst rating on (AU:BGA) stock is a Hold with a A$4.91 price target. To see the full list of analyst forecasts on Bega Cheese Limited stock, see the AU:BGA Stock Forecast page.

More about Bega Cheese Limited

Bega Cheese Limited operates in the dairy industry, focusing on the production and distribution of cheese and other dairy products. The company is known for its market presence in Australia and its emphasis on maintaining strong brand recognition and quality in its offerings.

Average Trading Volume: 762,859

Technical Sentiment Signal: Buy

Current Market Cap: A$1.67B

For a thorough assessment of BGA stock, go to TipRanks’ Stock Analysis page.