Agrium Price Target Cut to C$104.00 by Analysts at Canaccord Genuity (AGU)
Investment analysts at Canaccord Genuity dropped their price target on shares of Agrium (TSE:AGU) from C$106.00 to C$104.00 in a note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 16.97% from the stock’s previous close.
Shares of Agrium (TSE:AGU) traded down 0.65% during mid-day trading on Tuesday, hitting $88.91. 443,548 shares of the company’s stock traded hands. Agrium has a 1-year low of $83.46 and a 1-year high of $116.38. The stock has a 50-day moving average of $90.51 and a 200-day moving average of $93.58. The company has a market cap of $13.050 billion and a P/E ratio of 9.78.
Several other analysts have also recently commented on the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium (TSE:AGU) in a research note to investors on Friday, September 6th. They now have a C$110.00 price target on the stock. Separately, analysts at UBS AG reiterated a “buy” rating on shares of Agrium (TSE:AGU) in a research note to investors on Thursday, August 22nd. They now have a C$100.00 price target on the stock. Finally, analysts at HSBC downgraded shares of Agrium (TSE:AGU) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st.
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 assigned a strong buy rating to the company. Agrium has a consensus rating of “Buy” and a consensus price target of C$107.94.
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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