Royal Bank of Canada Lowers Ag Growth International (AFN) Price Target to C$65.00
Ag Growth International (TSE:AFN) had its price target lowered by investment analysts at Royal Bank of Canada from C$70.00 to C$65.00 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 12.46% from the stock’s current price.
A number of other equities analysts have also recently issued reports on AFN. National Bank Financial upped their target price on Ag Growth International from C$67.00 to C$71.00 and gave the stock an “outperform” rating in a report on Thursday, August 9th. TD Securities upped their target price on Ag Growth International from C$73.00 to C$80.00 and gave the stock an “action list buy” rating in a report on Friday, August 10th. Raymond James upped their target price on Ag Growth International from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, August 13th. Finally, Cormark reaffirmed a “buy” rating and issued a C$75.00 target price on shares of Ag Growth International in a report on Monday, August 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of C$69.44.
Shares of AFN opened at C$57.80 on Friday. Ag Growth International has a 12-month low of C$47.08 and a 12-month high of C$64.72. The company has a debt-to-equity ratio of 187.32, a current ratio of 1.89 and a quick ratio of 0.81.
In other Ag Growth International news, Director Gary Keith Anderson sold 10,600 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of C$63.72, for a total value of C$675,432.00.
Ag Growth International Company Profile
Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.
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