Utilities

Analysts Eye Over 50% Total Return Potential in Elders Amid Strategic Growth Plans

Thu 05 Jun 25, 07:41 AM | Team Kalkine

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Highlights

Shares of Elders Ltd (ASX:ELD) have recently attracted positive attention from analysts following a period of share price weakness linked to the announcement of its potential acquisition of Delta in late 2024. While the stock has since underperformed, falling roughly 15% in enterprise value, analysts now view this correction as a potential entry point for investors seeking exposure to Australia's agricultural sector.

Bell Potter, in its latest equity research, has reiterated a Buy rating on Elders and set a 12-month price target of AUD 9.10. With the stock last trading around AUD 6.15, this target implies an upside potential of 48%. Including forecast dividend yields of 5.8% in FY25 (partially franked) and 7% in FY26 (fully franked), the broker sees total return potential exceeding 50%.

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