Ag Growth International Inc (TSE:AFN) had its target price lowered by investment analysts at Scotiabank from C$65.00 to C$62.00 in a research note issued on Monday. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 24.20% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on the stock. TD Securities raised shares of Ag Growth International from a “hold” rating to a “buy” rating and boosted their target price for the company from C$63.00 to C$72.00 in a research report on Friday, August 11th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a C$63.00 target price on shares of Ag Growth International in a research report on Thursday, September 28th. Royal Bank Of Canada reduced their target price on shares of Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating for the company in a research report on Tuesday, October 31st. National Bank Financial boosted their target price on shares of Ag Growth International from C$60.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Laurentian reduced their target price on shares of Ag Growth International from C$70.00 to C$63.00 in a research report on Monday. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$63.38.
Shares of Ag Growth International (AFN) traded down C$0.91 during trading on Monday, hitting C$49.92. 217,535 shares of the stock were exchanged, compared to its average volume of 45,329. Ag Growth International has a 52 week low of C$47.08 and a 52 week high of C$60.26.
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In related news, Director Gary Keith Anderson sold 8,000 shares of the business’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.
Ag Growth International Company Profile
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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