Scotiabank Lowers AGT Food and Ingredients Inc (AGT) Price Target to C$21.50
AGT Food and Ingredients Inc (TSE:AGT) had its price target decreased by analysts at Scotiabank from C$23.00 to C$21.50 in a research report issued on Tuesday. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 9.25% from the company’s current price.
A number of other research firms have also recently weighed in on AGT. Raymond James Financial, Inc. lowered their price objective on AGT Food and Ingredients from C$35.00 to C$32.00 and set a “market perform” rating for the company in a research report on Wednesday, July 26th. CIBC decreased their price objective on AGT Food and Ingredients from C$33.00 to C$32.00 and set an “outperform” rating for the company in a report on Friday, August 11th. National Bank Financial cut their price target on AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets cut their price target on AGT Food and Ingredients from C$35.00 to C$27.50 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$24.00.
Shares of AGT Food and Ingredients (AGT) traded down C$0.33 during trading hours on Tuesday, hitting C$19.68. The stock had a trading volume of 71,567 shares, compared to its average volume of 106,937. AGT Food and Ingredients has a twelve month low of C$18.81 and a twelve month high of C$37.54.
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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