Ag Growth International Inc (AFN) PT Lowered to C$65.00
Ag Growth International Inc (TSE:AFN) had its price target lowered by National Bank Financial from C$70.00 to C$65.00 in a report issued on Monday. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price indicates a potential upside of 28.61% from the stock’s current price.
Several other research analysts also recently commented on AFN. TD Securities raised Ag Growth International from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$63.00 to C$72.00 in a report on Friday, August 11th. Scotiabank dropped their price objective on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating on the stock in a research note on Monday, September 18th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$63.00 price objective on shares of Ag Growth International in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada dropped their price objective on Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of C$63.63.
Ag Growth International (AFN) opened at C$50.54 on Monday. Ag Growth International has a twelve month low of C$47.08 and a twelve month high of C$60.26.
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In other news, insider Timothy Jackson Close purchased 1,298 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of C$50.24 per share, with a total value of C$65,211.52. Also, Director Gary Keith Anderson sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of C$58.54, for a total value of C$468,320.00.
About Ag Growth International
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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