Agrium Stock Rating Reaffirmed by Scotiabank (AGU)
Agrium (TSE:AGU)‘s stock had its “sector outperform” rating reiterated by equities research analysts at Scotiabank in a research note issued to investors on Thursday, American Banking News.com reports. They currently have a C$110.00 price objective on the stock. Scotiabank’s price objective would indicate a potential upside of 28.07% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Agrium to C$86.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Agrium from C$90.00 to C$93.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Finally, analysts at CIBC reiterated a “sector outperform” rating on shares of Agrium in a research note to investors on Wednesday. They now have a C$113.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Agrium currently has an average rating of “Buy” and an average target price of C$106.06.
Shares of Agrium (TSE:AGU) traded down 0.95% on Thursday, hitting $85.89. The stock had a trading volume of 747,700 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 $12.626 billion and a P/E ratio of 9.48.
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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