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Graincorp Limited Class A ( (AU:GNC) ) has shared an announcement.
GrainCorp Limited has announced the sale of its joint venture, GrainsConnect Canada, to Parrish & Heimbecker, Limited, following a strategic review due to challenging financial performance. The transaction, valued at C$150 million, allows GrainCorp to focus on more profitable ventures, although it will incur a loss of A$5-10 million. The sale is expected to complete in the first half of 2026 and does not affect GrainCorp’s Canadian marketing operations. Additionally, GrainCorp’s trading update reveals a decrease in receival volumes for the 2025-26 East Coast Australia winter harvest due to lower crop yields and market conditions, prompting the company to emphasize cost management while maintaining customer service.
The most recent analyst rating on (AU:GNC) stock is a Hold with a A$9.00 price target. To see the full list of analyst forecasts on Graincorp Limited Class A stock, see the AU:GNC Stock Forecast page.
More about Graincorp Limited Class A
GrainCorp is one of Australia’s largest integrated agribusinesses, with operations spanning the food, feed, and fuel value chain. The company holds a market-leading position in grain storage, handling, processing, edible oils, and feedstocks, with significant infrastructure assets in Australia and New Zealand. Supported by a global network, GrainCorp has been connecting regional producers with customers in the nutrition, livestock, and energy industries for over a century.
Average Trading Volume: 1,001,315
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$1.86B
Learn more about GNC stock on TipRanks’ Stock Analysis page.