Noble Group (NASDAQ:NOBGF) has been given a $4.00 price target for 2011 by Shayne Heffernan.

Noble Group (NASDAQ:NOBGF) is Asia’s biggest supplier of raw materials. Only 22 percent of its revenue comes from agriculture, with the remainder coming from materials such as iron ore.

Noble Group (NASDAQ:NOBGF) had year-over-year sales growth of 78.7% during the last quarter. The company has reported $48.8 billion in sales over the past 12 months and is expected to report $61.7 billion in sales in the next fiscal year.

Noble Group Limited is an investment holding company. Its subsidiaries, jointly controlled entities and associates comprise managing the global supply chain of agricultural, industrial and energy products; ship ownership, chartering and the provision of technical ship management services; trade finance; coal mining, soybean and sugar cane crushing activities and ethanol production.
It has two segments: Agriculture, which includes grain, coffee, cocoa, cotton, sugar and fertilizer product divisions; Energy, which includes coal and coke, oil and gas (which includes ethanol), petrochemical (which includes polymers), and carbon credits product divisions; metals, minerals and ores, which includes iron ore, ferro alloys/manganese ore/chrome ore, alumina/aluminum and steel products product divisions, and logistics, which comprises vessel chartering, vessel ownership and vessel management. On June 16, 2009, it acquired a further 66% interest in Gloucester Coal Limited.

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Posted by Shayne Heffernan on Jan 25th, 2011and filed underAgriculture, ASEAN News, Asia, Asia-Pacific Companies, Cocoa, Coffee, Commodities, Consumer, Corn, Cotton, Energy, Equities, Heffernan Capital Management, Issaree Suwunnavid, Latest News, Markets, Palm Oil, Shayne Heffernan, Singapore, Soybeans, Sugar.You can follow any responses to this entry through theRSS 2.0You can leave a response by filling following comment form or trackback to this entry from your site