Ag Growth International Inc (AFN) Price Target Cut to C$65.00

Ag Growth International Inc (TSE:AFN) had its price objective reduced by research analysts at Scotiabank from C$70.00 to C$65.00 in a research report issued on Monday. The brokerage currently has an “outperform” rating on the stock. Scotiabank’s price objective suggests a potential upside of 17.56% from the stock’s current price.

AFN has been the topic of several other reports. TD Securities raised Ag Growth International from a “hold” rating to a “buy” rating and raised their target price for the stock from C$63.00 to C$72.00 in a research report on Friday, August 11th. National Bank Financial raised their target price on Ag Growth International from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Eight investment analysts have rated the stock with a buy rating, Ag Growth International currently has an average rating of “Buy” and an average target price of C$65.57.

Shares of Ag Growth International (TSE AFN) traded down 7.65% during mid-day trading on Monday, hitting $51.06. 291,255 shares of the stock were exchanged. Ag Growth International has a 12-month low of $41.78 and a 12-month high of $60.26. The stock’s 50 day moving average price is $57.03 and its 200-day moving average price is $55.75. The stock has a market capitalization of $821.81 million and a P/E ratio of 27.92.

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In other news, Director Gary Keith Anderson sold 8,000 shares of the firm’s stock in a transaction dated 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.

Analyst Recommendations for Ag Growth International (TSE:AFN)

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