Grindrod Ltd traded at 2,404.00 this Tuesday August 25th, increasing 5.00 or 0.21 percent since the previous trading session. Looking back, over the last four weeks, Grindrod gained 10.23 percent. Over the last 12 months, its price rose by 57.23 percent. Looking ahead, we forecast Grindrod Ltd to be priced at 2,341.83 by the end of this quarter and at 2,124.79 in one year, according to Trading Economics global macro models projections and analysts expectations.
Grindrod Limited is a South Africa-based logistics company with investments in the marine fuel trading sector. Its segments include Ports and Terminals, Logistics, Group, Private Equity and Property, and Marine Fuels. Ports and Terminals segment provides bulk handling of commodities to the industry together with managing and handling port activities in South Africa and Mozambique. Logistics segment is involved in providing holistic and complete freight services, from the handling and storage of containers, clearing and forwarding to road, rail and seaborne freight. The Group segment consist of the head office companies including property companies comprising rental income. The Private Equity and Property consist investments in private and property equity portfolios and loans provided to KwaZulu-Natal North Coast property companies. Marine Fuels segment is a supplier of marine fuels, bunkers and agricultural commodities.