Agrium’s “Sector Outperform” Rating Reaffirmed at CIBC (AGU)
Agrium (TSE:AGU)‘s stock had its “sector outperform” rating restated by equities researchers at CIBC in a research report issued on Wednesday, Analyst RN reports. They currently have a C$113.00 price target on the stock. CIBC’s price target would suggest a potential upside of 30.32% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital cut their price target on shares of Agrium from C$103.00 to C$100.00 in a research note to investors on Friday, September 27th. They now have an “overweight” rating on the stock. Separately, analysts at BGC Financial cut their price target on shares of Agrium from C$106.00 to C$100.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Agrium from C$106.00 to C$104.00 in a research note to investors on Tuesday, September 24th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$107.24.
Agrium (TSE:AGU) traded down 0.99% during mid-day trading on Wednesday, hitting $86.71. The stock had a trading volume of 581,654 shares. Agrium has a one year low of $83.46 and a one year high of $116.38. The stock has a 50-day moving average of $89.81 and a 200-day moving average of $94.33. The company has a market cap of $12.746 billion and a P/E ratio of 9.57.
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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