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Inghams Group Limited

Inghams Group Limited, trading as Ingham’s, is a locally owned public company, deriving revenue from the production and sale of chicken and turkey products. The company employs approximately 6,800 people, operates in Australia and New Zealand, and is administered by its head office in North Ryde, New South Wales.

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ING – Citi rates the stock as Sell

Inghams has provided an update as part of a conference, with a key message of a fall in the wheat price and a recovery in New Zealand. Citi suspects there still could be downside to FY20 estimates for earnings, given the run rate over the second half. Moreover, retail prices for poultry continue to fluctuate.

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