AGT Food and Ingredients Inc (AGT) Trading Down 6.9%
AGT Food and Ingredients Inc (TSE:AGT) traded down 6.9% during trading on Monday . The stock traded as low as C$20.23 and last traded at C$19.92. 344,155 shares were traded during trading, an increase of 266% from the average session volume of 93,918 shares. The stock had previously closed at C$21.40.
Several equities research analysts have recently commented on the company. CIBC reduced their target price on AGT Food and Ingredients from C$32.00 to C$28.00 in a report on Friday, October 13th. Raymond James Financial, Inc. reduced their target price on AGT Food and Ingredients from C$32.00 to C$30.00 and set a “market perform” rating for the company in a report on Friday, August 11th. Finally, Scotiabank reduced their target price on AGT Food and Ingredients from C$26.50 to C$26.00 and set a “sector perform” rating for the company in a report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of C$31.00.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 11th. Investors of record on Wednesday, October 11th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, September 28th.
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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