Ingham’s Perched To Ride Cost Headwinds
Chicken producer Ingham’s ((ING)) is facing higher feed and electricity costs but strong volume growth evident in FY17 is expected to help the business ride out the headwinds.
Read More
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.
Videos
Videos coming soon for Inghams Group Limited.
All Inghams Group Limited Content
News
Brokers Not Chicken About Ingham’s Outlook
Strong volumes characterised the maiden first half for chicken producer, Ingham’s ((ING)). Brokers suspect, given the split in the first half:second half in the prospectus that the company is on track to exceed FY17 forecasts.
Read More
Analyst Views
ING – Credit Suisse rates the stock as Outperform
Credit Suisse acknowledges the pandemic has had a greater impact on the company's operations than previously allowed for but the FY20 result still highlighted resilience in overall poultry demand.
Read More
ING – UBS rates the stock as Neutral
UBS rates the stock as NeutralInghams has observed more uncertainty around the final weeks of FY20 in terms of changing volume and channel mix.
Read More
ING – UBS rates the stock as Neutral
Inghams Group's profit was largely in line with consensus and guidance was reiterated. Strong momentum in New Zealand offset weakness in Australia. The broker remains concerned over poor cash flow conversion.
Read More
ING – Citi rates the stock as Upgrade to Neutral from Sell
As reported yesterday, the FY19 report missed consensus forecasts, and it was accompanied by guidance for a decline in profits for FY20. Following on from the share price shellacking that ensued post the release, Citi has upgraded to Neutral from Sell.
Read More
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.
Read More
