Analysts have maintained their price target for Ricegrowers at $17.75, citing largely unchanged forecasts for revenue growth, profit margins, and valuation metrics as the basis for their steady outlook.
What's in the News
- Ricegrowers Limited (ASX:SGLLV) has been added to the S&P/ASX 300 Index (Key Developments).
- Ricegrowers Limited (ASX:SGLLV) has also been included in the S&P/ASX Small Ordinaries Index (Key Developments).
- Ricegrowers announced a new contract offer for crop year 2026, providing Riverina growers with a fixed price contract of $500 per paddy tonne, subject to quality requirements. This contract replaces the previously communicated pricing system. SunRice will continue to monitor weather conditions and crop size for the upcoming season (Key Developments).
Valuation Changes
- Consensus Analyst Price Target remains unchanged at A$17.75, reflecting continued confidence in Ricegrowers' outlook.
- The discount rate has risen slightly from 6.48% to 6.67%, indicating a modest increase in perceived risk or cost of capital.
- The revenue growth forecast is virtually unchanged at approximately 3.19%.
- The net profit margin projection remains steady at around 4.21%.
- The future P/E ratio has increased marginally from 16.02x to 16.11x, suggesting a small uptick in valuation relative to expected earnings.
Disclaimer
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