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Inghams Group Ltd. ( (AU:ING) ) has shared an announcement.
Inghams Group Limited has announced a leadership and organizational restructure aimed at enhancing accountability and reducing costs, which is expected to save $8-10 million annually. Despite facing higher operational costs in Australia, the company reaffirms its FY26 guidance for underlying EBITDA, anticipating improved performance in the second half of the year due to corrective actions and favorable market conditions. The company has observed stable demand and improved wholesale pricing, although short-term cost pressures are impacting first-half earnings. Inghams remains optimistic about long-term sustainable growth as they address operational inefficiencies and stabilize inventory.
The most recent analyst rating on (AU:ING) stock is a Hold with a A$2.50 price target. To see the full list of analyst forecasts on Inghams Group Ltd. stock, see the AU:ING Stock Forecast page.
More about Inghams Group Ltd.
Inghams Group Limited operates in the poultry industry, providing primary processing and ingredients, agribusiness and operations enablement, and value-added products including turkey. The company focuses on the Australian and New Zealand markets, with a significant emphasis on wholesale and retail channels.
Average Trading Volume: 2,750,030
Technical Sentiment Signal: Sell
Current Market Cap: A$890.8M
For a thorough assessment of ING stock, go to TipRanks’ Stock Analysis page.