Agrium Given New C$100.00 Price Target at Barclays Capital (AGU)
Barclays Capital dropped their price objective on shares of Agrium (TSE:AGU) from C$103.00 to C$100.00 in a research note issued on Friday, AnalystRatingsNetwork.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price would indicate a potential upside of 14.34% from the company’s current price.
Agrium (TSE:AGU) traded down 0.23% on Friday, hitting $87.46. The stock had a trading volume of 228,468 shares. Agrium has a 52 week low of $83.46 and a 52 week high of $116.38. The stock’s 50-day moving average is $89.81 and its 200-day moving average is $94.33. The company has a market cap of $12.857 billion and a price-to-earnings ratio of 9.58.
Several other analysts have also recently commented on the stock. Analysts at BGC Financial cut their price target on shares of Agrium (TSE:AGU) from C$106.00 to C$100.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Agrium (TSE:AGU) in a research note to investors on Tuesday. They now have a C$113.00 price target on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$107.01.
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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