Ag Growth International Inc (AFN) PT Lowered to C$61.00 at Laurentian
Ag Growth International Inc (TSE:AFN) had its price objective cut by research analysts at Laurentian from C$63.00 to C$61.00 in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock. Laurentian’s target price would indicate a potential upside of 10.61% from the stock’s previous close.
Several other equities analysts also recently commented on the company. CIBC upgraded Ag Growth International from a “neutral” rating to an “outperform” rating and raised their target price for the stock from C$52.00 to C$60.00 in a research report on Thursday, January 12th. National Bank Financial raised their target price on Ag Growth International from C$54.00 to C$60.00 in a research report on Friday, December 16th. TD Securities raised their target price on Ag Growth International from C$43.00 to C$52.00 and gave the stock a “hold” rating in a research report on Friday, November 11th. Laurentian Bank of Canada raised their target price on Ag Growth International from C$56.00 to C$59.00 and gave the stock a “buy” rating in a research report on Tuesday, November 22nd. Finally, Scotiabank raised their target price on Ag Growth International from C$42.00 to C$56.00 and gave the stock a “sector perform” rating in a research report on Friday, November 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Ag Growth International presently has a consensus rating of “Buy” and a consensus price target of C$54.89.
Shares of Ag Growth International (TSE:AFN) traded down 2.28% on Thursday, reaching $53.89. The company had a trading volume of 35,289 shares. The company has a 50-day moving average price of $54.16 and a 200-day moving average price of $48.81. The firm has a market cap of $795.69 million and a P/E ratio of 296.10. Ag Growth International has a one year low of $24.68 and a one year high of $57.69.
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Ag Growth International Company Profile
Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.
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