Analysts Set AGT Food and Ingredients Inc (AGT) Target Price at $21.90
Shares of AGT Food and Ingredients Inc (TSE:AGT) have received a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$21.90.
A number of equities research analysts have recently weighed in on AGT shares. Raymond James Financial dropped their price target on shares of AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating for the company in a research report on Tuesday, January 9th. CIBC dropped their price target on shares of AGT Food and Ingredients from C$24.00 to C$20.00 in a research report on Monday, March 5th. Finally, BMO Capital Markets dropped their price target on shares of AGT Food and Ingredients from C$27.50 to C$22.00 in a research report on Thursday, March 8th.
In other news, insider Financial Holdings Lim Fairfax acquired 183,700 shares of the stock in a transaction on Monday, March 12th. The stock was acquired at an average cost of C$16.25 per share, for a total transaction of C$2,985,125.00. Over the last 90 days, insiders have acquired 185,231 shares of company stock valued at $3,009,948.
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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