AGT Food and Ingredients Inc (AGT) PT Lowered to C$32.00 at Raymond James Financial, Inc.
AGT Food and Ingredients Inc (TSE:AGT) had its price target trimmed by Raymond James Financial, Inc. from C$35.00 to C$32.00 in a research note published on Wednesday. The brokerage currently has a market perform rating on the stock.
A number of other brokerages have also commented on AGT. National Bank Financial decreased their target price on AGT Food and Ingredients from C$42.00 to C$36.00 in a research report on Friday, May 5th. BMO Capital Markets reaffirmed an outperform rating and issued a C$40.00 target price on shares of AGT Food and Ingredients in a research report on Friday, April 28th. Scotiabank decreased their target price on AGT Food and Ingredients from C$34.00 to C$26.50 and set a sector perform rating for the company in a research report on Tuesday, May 9th. CIBC decreased their target price on AGT Food and Ingredients from C$39.00 to C$33.00 in a research report on Tuesday, May 9th. Finally, AltaCorp Capital reaffirmed a sector perform rating on shares of AGT Food and Ingredients in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of C$32.50.
AGT Food and Ingredients (AGT) opened at 26.00 on Wednesday. AGT Food and Ingredients has a 52-week low of $21.98 and a 52-week high of $39.57. The firm’s market capitalization is $630.14 million. The stock’s 50 day moving average price is $24.55 and its 200 day moving average price is $29.61.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Tuesday, July 11th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Wednesday, June 28th.
In related news, Director Howard N. Rosen acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was purchased at an average cost of C$24.99 per share, with a total value of C$124,950.00. Also, insider Murad Al-Katib acquired 1,500 shares of the firm’s stock in a transaction on Tuesday, May 9th. The shares were bought at an average cost of C$25.23 per share, with a total value of C$37,845.00. Insiders have acquired a total of 6,632 shares of company stock valued at $166,040 over the last three months.
AGT Food and Ingredients Company Profile
AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.
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