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Select Harvests ( (AU:SHV) ) has issued an announcement.
Select Harvests Limited has announced a 2025 crop size estimate of 24,700MT, which is below the midpoint of its forecast range. Despite initial softening, global almond prices are recovering, with the company strategically selling its remaining 2025 crop. The company has reduced its net debt to $80 million and maintained flat production costs, reflecting strong financial management. The 2026 crop bloom has been positive despite challenges, and the company is optimistic about future almond prices due to global demand and structural changes in the US industry.
The most recent analyst rating on (AU:SHV) stock is a Hold with a A$4.00 price target. To see the full list of analyst forecasts on Select Harvests stock, see the AU:SHV Stock Forecast page.
More about Select Harvests
Select Harvests Limited is an ASX-listed, fully integrated almond business based in Melbourne, Australia. It operates orchards in Victoria, New South Wales, and South Australia, and has a processing facility in Victoria. The company supplies almonds both domestically and internationally to supermarkets, health food stores, food manufacturers, retailers, and the trade.
Average Trading Volume: 318,120
Technical Sentiment Signal: Sell
Current Market Cap: A$559.9M
For detailed information about SHV stock, go to TipRanks’ Stock Analysis page.