Ag Growth International Inc (TSE:AFN) PT Raised to C$70.00
Ag Growth International Inc (TSE:AFN) had its target price lifted by equities researchers at National Bank Financial from C$60.00 to C$70.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 21.25% from the company’s previous close.
A number of other equities research analysts have also recently issued reports on the stock. Royal Bank Of Canada upped their target price on shares of Ag Growth International from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, May 10th. TD Securities upped their target price on shares of Ag Growth International from C$55.00 to C$61.00 and gave the company a “hold” rating in a report on Wednesday, April 26th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Ag Growth International in a report on Tuesday, May 2nd. Scotiabank upped their target price on shares of Ag Growth International from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Finally, CIBC upped their target price on shares of Ag Growth International from C$63.00 to C$65.00 in a report on Wednesday, May 10th. Eight investment analysts have rated the stock with a buy rating, Ag Growth International presently has a consensus rating of “Buy” and an average price target of C$66.29.
Shares of Ag Growth International (TSE:AFN) traded up 0.12% during midday trading on Friday, hitting $57.80. The stock had a trading volume of 49,441 shares. Ag Growth International has a 1-year low of $40.91 and a 1-year high of $60.26. The company’s 50 day moving average price is $56.75 and its 200-day moving average price is $55.23. The firm has a market capitalization of $927.23 million and a PE ratio of 46.50.
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About Ag Growth International
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 enclosed belt conveyors, chain conveyors, bucket elevators, truss and towers, distributors, rail and truck probes, custom configured belt conveyors, screw feders and conveyors, bulk weigh hoppers, VIS micro dosing systems, TA tapered auger vertical blend systems, and spout and connections.
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