AGT Food and Ingredients Inc (TSE:AGT) Price Target Cut to C$26.00
AGT Food and Ingredients Inc (TSE:AGT) had its price objective dropped by investment analysts at Scotiabank from C$26.50 to C$26.00 in a research note issued to investors on Friday. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s price target indicates a potential upside of 8.11% from the stock’s current price.
Other equities analysts have also issued reports about the company. CIBC cut their target price on AGT Food and Ingredients from C$33.00 to C$32.00 and set an “outperform” rating on the stock in a report on Friday. Raymond James Financial, Inc. lowered AGT Food and Ingredients from an “outperform” rating to a “market perform” rating in a report on Monday, May 8th. BMO Capital Markets restated an “outperform” rating and set a C$40.00 target price on shares of AGT Food and Ingredients in a report on Friday, April 28th. AltaCorp Capital restated a “sector perform” rating on shares of AGT Food and Ingredients in a report on Tuesday, May 9th. Finally, National Bank Financial cut their target price on AGT Food and Ingredients from C$42.00 to C$36.00 in a report on Friday, May 5th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$31.80.
AGT Food and Ingredients (AGT) traded down 1.87% during mid-day trading on Friday, hitting $23.60. The company had a trading volume of 171,534 shares. The stock’s 50 day moving average price is $24.51 and its 200 day moving average price is $28.90. AGT Food and Ingredients has a 52-week low of $21.98 and a 52-week high of $39.57. The firm’s market cap is $571.97 million.
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About AGT Food and Ingredients
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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