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The latest update is out from Bega Cheese Limited ( (AU:BGA) ).
Bega Cheese Limited has withdrawn its application to the Australian Competition and Consumer Commission regarding its intended acquisition of Fonterra’s consumer and associated businesses. This decision follows Fonterra’s announcement of selling these businesses to Lactalis, impacting Bega’s strategic expansion plans in the dairy sector.
The most recent analyst rating on (AU:BGA) stock is a Buy with a A$6.08 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 is a prominent player in the dairy industry, known for its production of cheese and other dairy products. The company focuses on delivering high-quality consumer goods and has a significant presence in the Australian market.
YTD Price Performance: -3.61%
Average Trading Volume: 591,286
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.68B
Find detailed analytics on BGA stock on TipRanks’ Stock Analysis page.