CIBC Raises Ag Growth International Inc (AFN) Price Target to C$44.00
Ag Growth International Inc (TSE:AFN) had its price target hoisted by research analysts at CIBC from C$42.00 to C$44.00 in a research note issued on Tuesday, StockTargetPrices.com reports. CIBC’s price target points to a potential downside of 4.47% from the company’s current price.
Other analysts also recently issued research reports about the company. National Bank Financial lifted their target price on Ag Growth International from C$40.00 to C$44.00 in a research note on Monday, July 18th. Royal Bank Of Canada reissued an “outperform” rating and set a C$50.00 target price on shares of Ag Growth International in a research note on Wednesday, October 5th. Finally, RBC Capital Markets set a C$50.00 target price on Ag Growth International and gave the company an “outperform” rating in a research note on Wednesday, October 5th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$42.53.
Shares of Ag Growth International (TSE:AFN) traded up 1.09% during trading on Tuesday, hitting $46.56. The company had a trading volume of 31,062 shares. The company’s market capitalization is $685.13 million. The stock’s 50-day moving average price is $43.86 and its 200 day moving average price is $40.31. Ag Growth International has a 52 week low of $24.68 and a 52 week high of $46.66.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/11/cibc-raises-ag-growth-international-inc-afn-price-target-to-c44-00.html
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.
Receive News & Ratings for Ag Growth International Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International Inc and related companies with MarketBeat.com's FREE daily email newsletter.