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The latest update is out from Cobram Estate Olives Ltd. ( (AU:CBO) ).
Cobram Estate Olives has agreed to acquire California Olive Ranch, Inc., the leading producer and marketer of Californian extra virgin olive oil, in a US$173.5 million deal funded through a mix of cash, vendor notes and an earn-out. The acquisition will substantially expand Cobram’s Californian grove footprint to about 3,292 hectares, add premium brands including the top-selling California Olive Ranch® label in the US, and is projected to deliver meaningful operational and cost synergies, with expected EBITDA contributions, rising annual synergies by 2030 and earnings per share accretion from FY2027. Separately, the company reported the successful completion of its FY2026 Californian harvest, securing 3.8 million litres of olive oil supply for the next year and increasing the share of production from its own groves, while flagging that first-half FY2026 operating cash flow and EBITDA will be lower than the prior year due to higher spot oil purchases, timing of bulk sales and increased water costs, as well as accounting effects related to fair value treatment of its Australian crop.
The most recent analyst rating on (AU:CBO) stock is a Hold with a A$2.90 price target. To see the full list of analyst forecasts on Cobram Estate Olives Ltd. stock, see the AU:CBO Stock Forecast page.
More about Cobram Estate Olives Ltd.
Cobram Estate Olives Ltd is a producer and marketer of extra virgin olive oil, operating a vertically integrated model that spans olive cultivation, milling, bottling and branded packaged goods. The group has a strong presence in Australia and the United States, focusing on premium EVOO under brands such as Cobram Estate®, and leverages proprietary agronomy and processing systems like Oliv.iQ® and Modern Olives® to improve yields and quality.
Average Trading Volume: 517,046
Technical Sentiment Signal: Buy
Current Market Cap: A$1.41B
Learn more about CBO stock on TipRanks’ Stock Analysis page.