What Is the Broker Outlook for Inghams Group (ASX:ING)?

Sonal Goyal

09 October 2026 11:42 AM AEDT

What Is the Broker Outlook for Inghams Group (ASX:ING)?

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Highlights

Consensus rating of Hold from 8 analysts: 0 Buy or equivalent, 6 Hold, 2 Sell or equivalent.
Mean price target of A$2.11 against a share price of A$2.09 on 8 October 2026, an implied upside of 0.8%.
Analyst targets range from A$1.90 to A$2.50.
Underlying EBITDA before AASB 16 was $186.4 million, down 21.2%, within guidance of $180.0 million to $200.0 million.

Inghams Group (ASX:ING) carries a consensus analyst rating of Hold. Of the 8 analyst recommendations recorded, 0 are Buy or equivalent, 6 are Hold and 2 are Sell or equivalent. The mean price target is A$2.11, with targets ranging from A$1.90 to A$2.50, against a current share price of A$2.09 (8 October 2026). Inghams Group Limited is an Australian and New Zealand poultry producer supplying chicken and turkey to retail, quick service restaurant and food service customers.

Company name	Inghams Group
Ticker	(ASX:ING)
Exchange	ASX (Australian Securities Exchange)
Current share price	A$2.09
Price date	8 October 2026
Number of analysts	8
Rating consensus	Hold
Consensus price target (mean)	A$2.11
Highest target	A$2.50
Lowest target	A$1.90
Implied upside/downside to mean target	Implied upside of 0.8%

Latest developments

Inghams Group (ASX:ING) announced its FY26 financial results on 21 August 2026. Underlying EBITDA before AASB 16 was $186.4 million, down 21.2%, within guidance of $180.0 million to $200.0 million. Underlying EBIT was $153.6 million, down 30.0%, and net profit after tax was $34.6 million, down 61.5%.

Core poultry Volume rose 1.9%, with growth in both Australia and New Zealand, and net selling prices rose 1.4%. The company delivered $82.3 million of cost savings at the upper end of its target, with a significant recovery of incremental costs related to the Middle East conflict, for a net impact of $4.7 million. Cash conversion was 105.5% and net Debt reduced by $27.1 million.

The final Dividend is 6.1 cents per share, fully franked, and the company introduced a Dividend reinvestment Plan. It said second-half Earnings were materially above the first half, inventories have normalised and new customer volumes were delivered.

Sector context

Poultry processors' results depend on volumes, selling prices, feed and other input costs and customer mix. The company reports a return to core volume growth, a more diversified customer portfolio and the cost effects of the Middle East conflict.

Risks and what to watch

Underlying EBIT fell 30.0% and net profit fell 61.5%, and the company describes the operating environment as challenging. Earnings are exposed to feed costs, customer contracts and geopolitical effects on input costs. Underlying measures exclude certain items, and the consensus data shows a Hold rating.

Next milestones

Items to watch include payment of the 6.1 cent final dividend, volume growth in Australia and New Zealand, further cost savings, input cost movements, and the first-half FY27 result.

FAQs

Q: What is the consensus analyst rating for Inghams Group (ASX:ING)?

A:The consensus rating is Hold, based on 8 analyst recommendations: 0 Buy or equivalent, 6 Hold and 2 Sell or equivalent.

Q: What are the analyst price targets for Inghams Group (ASX:ING)?

A:The mean price target is A$2.11, with a highest target of A$2.50 and a lowest target of A$1.90. The share price on 8 October 2026 was A$2.09.

Q: What did Inghams Group (ASX:ING) report for FY26?

A:Inghams reported underlying EBITDA of $186.4 million, underlying EBIT of $153.6 million, NPAT of $34.6 million and a final dividend of 6.1 cents per share.

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