Australian Wheat Board (AWB) Shares Recommendation

Submitted by Craig Strzelecki on Sat, 01/07/2006 - 10:47.

JP Morgan have rated the Australian Wheat Board (AWB) stock with a Neutral recommendation with their base case valuation declining marginally to $4.30 per share. Including a best case scenario regarding regulatory risks. Earnings forecasts have been cut following ABARE's latest wheat crop forecasts. The broker explains AWB is more leveraged to wheat volumes, rather than wheat pricing.

AWB (Australian Wheat Board) Limited is listed on the Australian Stock Exchange (ASX) under stock code AWB. You can view their investor website here. The company is principally involved in wheat management and marketing services. Check your charts!

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