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Agra a Hold-Rated Chinese AgriCo
Agria Corp. (GRO - Analyst Report) is a Chinese-based agricultural company involved in the research and development, and production and sale of three different types of upstream agricultural products; corn seeds, sheep breeding products and seedling products.
The company’s sales should rebound but remain below levels in the near-term due to depressed seed prices and global economic weakness. Longer term, revenue and earnings growth should be robust but we are concerned about significant governance and transparency issues.
We are initiating coverage of the shares with Hold recommendation and a $2.00 price target.
Read the full analyst report on GRO
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| Market Summary | Nov 24, 2009 21:56 pm ET |
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