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The latest update is out from Ridley Corporation Limited ( (AU:RIC) ).
Ridley Corporation Limited’s Managing Director addressed the Annual General Meeting, highlighting the company’s growth prospects and strategic focus. The company anticipates earnings growth in FY26 driven by its diversified portfolio, despite some challenges in the Ingredient Recovery segment. Ridley plans to maintain its capital allocation framework with a 50-70% dividend payout ratio. The company is committed to enhancing its role in the Australian agricultural sector by leveraging its newly acquired Incitec Pivot Fertilisers and focusing on its three growth pillars, each operating as a separate business unit to better meet customer needs.
The most recent analyst rating on (AU:RIC) stock is a Hold with a A$3.00 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 Australian agricultural sector, focusing on providing products such as Bulk Stockfeeds, Packaged Feeds & Ingredients, and Fertiliser. The company is a market leader in each of these segments, leveraging its technical expertise and operational scale to deliver competitive offerings to its customers, thereby supporting the growth of Australian agriculture.
Average Trading Volume: 865,291
Technical Sentiment Signal: Buy
Current Market Cap: A$1.05B
Learn more about RIC stock on TipRanks’ Stock Analysis page.