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Ridley Corporation Finalizes Sale of Wasleys Feedmill

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Ridley Corporation Finalizes Sale of Wasleys Feedmill

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An announcement from Ridley Corporation Limited ( (AU:RIC) ) is now available.

Ridley Corporation Limited has completed the sale of its Wasleys Feedmill in South Australia to the Baiada group for A$22 million. This transaction marks a significant step in Ridley’s strategic realignment, potentially impacting its operational focus and market positioning while acknowledging the support from stakeholders during the transition.

The most recent analyst rating on (AU:RIC) stock is a Buy with a A$2.90 price target. To see the full list of analyst forecasts on Ridley Corporation Limited stock, see the AU:RIC Stock Forecast page.

More about Ridley Corporation Limited

Ridley Corporation Limited operates in the agriproducts industry, focusing primarily on the production and supply of animal nutrition solutions. The company provides a range of feed products and services tailored to the agricultural sector.

YTD Price Performance: 12.17%

Average Trading Volume: 575,973

Technical Sentiment Signal: Buy

Current Market Cap: A$1.1B

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

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