American Farmland Co (AFCO) Given Average Rating of “Buy” by Analysts
American Farmland Co (NYSEMKT:AFCO) has received an average rating of “Buy” from the eight research firms that are covering the stock. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $8.33.
AFCO has been the topic of several research reports. Deutsche Bank AG downgraded shares of American Farmland from a “buy” rating to a “hold” rating and decreased their price target for the stock from $9.00 to $8.00 in a research note on Tuesday, September 13th. Janney Montgomery Scott downgraded shares of American Farmland from a “buy” rating to a “neutral” rating in a research note on Monday, September 12th.
Shares of American Farmland (NYSEMKT:AFCO) traded up 1.67% during midday trading on Monday, reaching $7.32. 29,388 shares of the company’s stock traded hands. The firm’s market cap is $123.86 million. American Farmland has a 52-week low of $4.95 and a 52-week high of $8.12. The company has a 50 day moving average of $7.13 and a 200 day moving average of $6.49.
About American Farmland
American Farmland Company is an internally managed real estate company. The Company owns a portfolio of farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, including farmland in development, located in select major agricultural regions in the United States.
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