Royal Bank Of Canada Reiterates “Outperform” Rating for Ag Growth International Inc (AFN)
Ag Growth International Inc (TSE:AFN)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report released on Wednesday, StockTargetPrices.com reports. They presently have a C$50.00 target price on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.55% from the company’s current price.
Several other research analysts have also recently commented on AFN. Scotiabank reiterated a “sector perform” rating and issued a C$40.00 price target on shares of Ag Growth International in a research note on Thursday, June 9th. National Bank Financial boosted their price target on Ag Growth International from C$40.00 to C$44.00 in a research note on Monday, July 18th. Finally, CIBC boosted their price target on Ag Growth International from C$37.00 to C$42.00 in a research note on Friday, August 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Ag Growth International currently has a consensus rating of “Buy” and a consensus target price of C$42.28.
Ag Growth International (TSE:AFN) traded up 2.63% during mid-day trading on Wednesday, reaching $46.06. The company’s stock had a trading volume of 79,952 shares. The firm has a 50-day moving average of $43.81 and a 200-day moving average of $40.20. Ag Growth International has a 52 week low of $24.68 and a 52 week high of $46.12. The stock’s market capitalization is $677.77 million.
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Ag Growth International Company Profile
Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.
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