GrainCorp Limited (OTCMKTS:GRCLF – Get Rating)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.74 and traded as low as $5.40. GrainCorp shares last traded at $5.40, with a volume of 123 shares traded.
Analyst Upgrades and Downgrades
GRCLF has been the topic of a number of research reports. Royal Bank of Canada downgraded GrainCorp from an “outperform” rating to a “sector perform” rating in a report on Thursday, August 4th. CLSA upgraded GrainCorp to a “buy” rating and set a $10.00 price objective on the stock in a report on Friday, July 15th.
GrainCorp Price Performance
The firm has a 50-day moving average price of $5.74 and a two-hundred day moving average price of $6.41.
GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, deodorizes, and blends edible fats and oil products; and crushes, processes, manufactures, and distributes edible oils.
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