Agrium Lowered to Neutral at Merrill Lynch (AGU)
Agrium (TSE:AGU) was downgraded by Merrill Lynch to a “neutral” rating in a research note issued on Thursday, American Banking News reports.
Agrium (TSE:AGU) traded up 0.31% on Thursday, hitting $98.20. The stock had a trading volume of 325,457 shares. Agrium has a one year low of $83.46 and a one year high of $116.38. The stock’s 50-day moving average is $95.91 and its 200-day moving average is $91.98. The company has a market cap of $14.190 billion and a price-to-earnings ratio of 10.91.
A number of other firms have also recently commented on AGU. Analysts at Banc Of America downgraded shares of Agrium from a “buy” rating to a “neutral” rating in a research note to investors on Thursday. Separately, analysts at HSBC upgraded shares of Agrium to an “overweight” rating in a research note to investors on Thursday, December 5th. Finally, analysts at RBC Capital initiated coverage on shares of Agrium in a research note to investors on Wednesday, December 4th. They set an “outperform” rating and a C$115.00 price target on the stock. Eight analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Agrium presently has an average rating of “Buy” and an average target price of C$103.89.
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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