GrainCorp Limited (OTCMKTS:GRCLF – Get Rating)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.19 and traded as high as $5.31. GrainCorp shares last traded at $5.31, with a volume of 1,411 shares traded.
Analyst Ratings Changes
Separately, Royal Bank of Canada lowered GrainCorp from a “sector perform” rating to an “underperform” rating and set a $7.75 price objective on the stock. in a report on Thursday, November 17th.
GrainCorp Price Performance
The company has a 50 day moving average of $5.19 and a 200 day moving average of $5.34.
About GrainCorp
GrainCorp Ltd. is a diversified food ingredients and agribusiness company. The firm’s activities include supply chain, origination and processing. It operates through the following segments: Grains, Malt and Oils. The Grains segment includes grain receivals, transport, testing, storage of grains, marketing of grains & agricultural products and the operation of grain pools.
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