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Select Harvests ( (AU:SHV) ) just unveiled an announcement.
Select Harvests Limited has reaffirmed its 2025 crop forecast amidst a recent USDA report predicting a potentially overstated US almond crop. Despite a reduction in the almond index spot price, Australian almond prices remain supported by existing tariff regimes, with potential upside from future tariff changes in key markets. The company has contracted over 75% of its 2025 crop, minimizing exposure to price volatility, and maintains a positive outlook on macro-economic conditions for almonds, supported by steady demand growth and flat global supply.
The most recent analyst rating on (AU:SHV) stock is a Buy with a A$4.40 price target. To see the full list of analyst forecasts on Select Harvests stock, see the AU:SHV Stock Forecast page.
More about Select Harvests
Select Harvests Limited is an ASX-listed, fully integrated almond business based in Melbourne, Australia. It operates orchards and processing facilities, producing and supplying almonds domestically and internationally under the Renshaw & Allinga Farms brands. The company is one of Australia’s largest almond producers, with operations in North West Victoria, Southern New South Wales, and South Australia.
Average Trading Volume: 282,751
Technical Sentiment Signal: Sell
Current Market Cap: A$557.1M
See more insights into SHV stock on TipRanks’ Stock Analysis page.