Latest news with #BegaCheeseLimited
Business Insider
4 days ago
- Business
- Business Insider
UBS Sticks to Their Hold Rating for Bega Cheese Limited (B6G)
In a report released today, Evan Karatzas from UBS maintained a Hold rating on Bega Cheese Limited (B6G – Research Report), with a price target of A$6.15. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Karatzas is a 3-star analyst with an average return of 6.0% and a 52.94% success rate. Bega Cheese Limited has an analyst consensus of Moderate Buy, with a price target consensus of €3.98. B6G market cap is currently €944.6M and has a P/E ratio of 44.67.
Business Insider
4 days ago
- Business
- Business Insider
Bega Cheese Limited (B6G) Receives a Buy from Bell Potter
In a report released today, Jonathan Snape from Bell Potter maintained a Buy rating on Bega Cheese Limited (B6G – Research Report), with a price target of A$7.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Snape covers the Consumer Defensive sector, focusing on stocks such as Select Harvests, Elders Limited, and Bega Cheese Limited. According to TipRanks, Snape has an average return of -6.6% and a 31.25% success rate on recommended stocks. Currently, the analyst consensus on Bega Cheese Limited is a Moderate Buy with an average price target of €3.98.
Business Insider
08-05-2025
- Business
- Business Insider
Bell Potter Reaffirms Their Buy Rating on Bega Cheese Limited (B6G)
Bell Potter analyst Jonathan Snape maintained a Buy rating on Bega Cheese Limited (B6G – Research Report) today and set a price target of A$7.00. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Snape covers the Consumer Defensive sector, focusing on stocks such as Select Harvests, Woolworths Group Ltd, and a2 Milk Company. According to TipRanks, Snape has an average return of -5.8% and a 31.71% success rate on recommended stocks. Currently, the analyst consensus on Bega Cheese Limited is a Hold with an average price target of €3.49. Based on Bega Cheese Limited's latest earnings release for the quarter ending December 29, the company reported a quarterly revenue of €1.78 billion and a net profit of €30.2 million. In comparison, last year the company earned a revenue of €1.73 billion and had a net profit of €26.5 million
Sydney Morning Herald
06-05-2025
- Business
- Sydney Morning Herald
Bega to slash 300 jobs from its Victorian workforce
Two hundred jobs will be made redundant in Victoria, and another 100 moved to New South Wales, as part of dairy manufacturer Bega Cheese Limited's plan to wind down operations at one of its Victorian facilities. On Tuesday, Bega Group announced that its cheese processing and packaging operation in Strathmerton, northern Victoria, will cease to exist by mid-2026. The operation will be folded into an existing facility in Bega, New South Wales. Bega's CEO Peter Findlay said the closure was aimed at simplifying Bega's footprint and having 'globally competitive infrastructure'. Loading 'We are very aware of the impact of this decision, and we are doing our best to manage this transition with care and respect for our Strathmerton employees and the local community,' said Findlay in a statement. 'Where possible, we will offer redeployment to employees and continue to support them through this period'. As part of the change, Bega will invest in the Bega site 'to create approximately 100 jobs in the Bega Valley'. Strathmerton, population 1072, has 49 locals employed at the Bega facility as of the most recent census, around ten per cent of the working-age population. A further 5 per cent work in dairy farming.
The Age
06-05-2025
- Business
- The Age
Bega to slash 300 jobs from its Victorian workforce
Two hundred jobs will be made redundant in Victoria, and another 100 moved to New South Wales, as part of dairy manufacturer Bega Cheese Limited's plan to wind down operations at one of its Victorian facilities. On Tuesday, Bega Group announced that its cheese processing and packaging operation in Strathmerton, northern Victoria, will cease to exist by mid-2026. The operation will be folded into an existing facility in Bega, New South Wales. Bega's CEO Peter Findlay said the closure was aimed at simplifying Bega's footprint and having 'globally competitive infrastructure'. Loading 'We are very aware of the impact of this decision, and we are doing our best to manage this transition with care and respect for our Strathmerton employees and the local community,' said Findlay in a statement. 'Where possible, we will offer redeployment to employees and continue to support them through this period'. As part of the change, Bega will invest in the Bega site 'to create approximately 100 jobs in the Bega Valley'. Strathmerton, population 1072, has 49 locals employed at the Bega facility as of the most recent census, around ten per cent of the working-age population. A further 5 per cent work in dairy farming.
