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An update from Incitec Pivot ( (AU:DNL) ) is now available.
Dyno Nobel Limited has completed the sale of its Fertilisers Distribution business to Ridley Corporation and is progressing with the sale of Gibson Island land, as part of its strategic review of Fertilisers Manufacturing operations. The company is focusing on new business opportunities in the US, particularly in the energetics sector, and expects a strong EBIT performance in FY25 due to favorable commodity prices. The strategic review has led to closure planning for the Geelong facility and the sale of the St Helens facility, with ongoing efforts to secure the future of Phosphate Hill. The proceeds from these transactions will be used to repay debts and manage capital, while ensuring safe operations during the transition.
The most recent analyst rating on (AU:DNL) stock is a Hold with a A$3.15 price target. To see the full list of analyst forecasts on Incitec Pivot stock, see the AU:DNL Stock Forecast page.
More about Incitec Pivot
Dyno Nobel Limited operates in the explosives and fertilizers industry, focusing on the development and supply of energetics for the resources and defense sectors. The company is involved in the manufacturing and distribution of fertilizers and has been undergoing strategic reviews and sales of its assets to streamline operations and focus on new business opportunities.
Average Trading Volume: 4,208,553
Technical Sentiment Signal: Buy
Current Market Cap: A$5.58B
Find detailed analytics on DNL stock on TipRanks’ Stock Analysis page.