Ag Growth International Inc (AFN) Given Consensus Recommendation of “Buy” by Analysts
Ag Growth International Inc (TSE:AFN) has been given an average recommendation of “Buy” by the nine brokerages that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$65.25.
AFN has been the subject of a number of analyst reports. Scotiabank cut their price target on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a report on Monday, September 18th. National Bank Financial raised their price target on Ag Growth International from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. TD Securities raised Ag Growth International from a “hold” rating to a “buy” rating and raised their price target for the stock from C$63.00 to C$72.00 in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$63.00 price target on shares of Ag Growth International in a report on Thursday.
Shares of Ag Growth International (TSE AFN) traded down 0.65% during trading on Friday, reaching $53.25. The company’s stock had a trading volume of 166,093 shares. Ag Growth International has a 52-week low of $43.51 and a 52-week high of $60.26. The stock has a 50-day moving average of $56.79 and a 200-day moving average of $55.77. The stock has a market cap of $857.06 million and a P/E ratio of 29.11.
In related news, Director Gary Keith Anderson sold 8,000 shares of the stock in a transaction on 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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