Agrium Receives “Sector Outperform” Rating from CIBC (AGU)
Agrium (TSE:AGU)‘s stock had its “sector outperform” rating reiterated by research analysts at CIBC in a report released on Tuesday, ARN reports. They currently have a C$113.00 price objective on the stock. CIBC’s price target indicates a potential upside of 27.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Agrium (TSE:AGU) from C$106.00 to C$104.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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.
One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$107.94.
Shares of Agrium (TSE:AGU) traded down 0.65% on Tuesday, hitting $88.91. The stock had a trading volume of 443,548 shares. 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.
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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