Ag Growth International Inc (AFN) Receives C$63.88 Average Price Target from Brokerages
Shares of Ag Growth International Inc (TSE:AFN) have been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$64.50.
Several equities analysts recently commented on AFN shares. Royal Bank of Canada reduced their target price on shares of Ag Growth International from C$63.00 to C$60.00 and set an “outperform” rating on the stock in a report on Monday, November 13th. Laurentian cut their price target on shares of Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Laurentian Bank of Canada cut their price target on shares of Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Scotiabank set a C$62.00 price target on shares of Ag Growth International and gave the stock an “outperform” rating in a report on Thursday, January 4th. Finally, National Bank Financial set a C$65.00 price target on shares of Ag Growth International and gave the stock an “outperform” rating in a report on Wednesday, January 3rd.
In other news, Director Gary Keith Anderson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of C$53.45, for a total value of C$320,700.00. Also, insider Timothy Jackson Close bought 1,298 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of C$50.24 per share, with a total value of C$65,211.52.
Ag Growth International (AFN) traded up C$0.04 during mid-day trading on Monday, hitting C$58.10. 43,865 shares of the company traded hands, compared to its average volume of 59,974. Ag Growth International has a 52 week low of C$47.08 and a 52 week high of C$60.26. The company has a market cap of $937.90, a price-to-earnings ratio of 38.48 and a beta of 1.29.
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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