Agrium Given “Buy” Rating at UBS AG (AGU)
Agrium (TSE:AGU)‘s stock had its “buy” rating reiterated by research analysts at UBS AG in a report released on Thursday, American Banking and Market News reports. They currently have a C$100.00 target price on the stock. UBS AG’s target price would suggest a potential upside of 6.30% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC downgraded shares of Agrium from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. Separately, analysts at BMO Capital Markets raised their price target on shares of Agrium from C$90.00 to C$95.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Finally, analysts at Piper Jaffray Cos. raised their price target on shares of Agrium from C$86.00 to C$89.00 in a research note to investors on Friday, August 9th. They now have a “negative” rating on the stock.
One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Agrium presently has a consensus rating of “Buy” and an average target price of C$108.61.
Shares of Agrium (TSE:AGU) traded up 3.33% on Thursday, hitting $94.07. The stock had a trading volume of 620,397 shares. Agrium has a 52-week low of $83.46 and a 52-week high of $116.38. The stock has a 50-day moving average of $91.00 and a 200-day moving average of $96.32. The company has a market cap of $13.828 billion and a P/E ratio of 9.95.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.13%.
Agrium Inc (TSE:AGU), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets.
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