Laurentian Cuts Ag Growth International Inc (AFN) Price Target to C$63.00
Ag Growth International Inc (TSE:AFN) had its target price lowered by equities research analysts at Laurentian from C$70.00 to C$63.00 in a research note issued on Monday. Laurentian’s target price indicates a potential upside of 26.20% from the company’s previous close.
A number of other brokerages have also recently commented on AFN. National Bank Financial lifted their price target on Ag Growth International from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. TD Securities upgraded Ag Growth International from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$63.00 to C$72.00 in a research note on Friday, August 11th. Scotiabank reduced their price objective on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Monday, September 18th. Raymond James Financial, Inc. reiterated an “outperform” rating and set 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 reduced their price objective on Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$63.38.
Shares of Ag Growth International (TSE AFN) traded down C$0.91 on Monday, reaching C$49.92. The company’s stock had a trading volume of 217,535 shares, compared to its average volume of 45,329. Ag Growth International has a 12 month low of C$47.08 and a 12 month high of C$60.26.
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In related news, Director Gary Keith Anderson sold 8,000 shares of Ag Growth International stock in a transaction dated 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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