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 Wednesday, American Banking & Market News reports.
A number of other analysts have also recently weighed in on AGU. Analysts at CIBC raised their price target on shares of Agrium from C$109.00 to C$112.00 in a research note to investors on Monday, January 13th. They now have an “outperform” rating on the stock. Separately, analysts at Merrill Lynch downgraded shares of Agrium to a “neutral” rating in a research note to investors on Thursday, January 9th. Finally, 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, January 9th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Agrium has a consensus rating of “Buy” and an average price target of C$103.70.
Agrium (TSE:AGU) traded down 0.30% during mid-day trading on Wednesday, hitting $102.72. The stock had a trading volume of 553,042 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 $97.79 and its 200-day moving average is $92.62. The company has a market cap of $14.843 billion and a P/E ratio of 11.49.
Agrium Inc (TSE:AGU), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.