Ag Growth International Inc (AFN) Given Average Recommendation of “Buy” by Analysts
Shares of Ag Growth International Inc (TSE:AFN) have been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$64.17.
A number of research analysts have weighed in on the stock. Scotiabank boosted their target price on shares of Ag Growth International from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 10th. CIBC upped their price objective on shares of Ag Growth International from C$61.00 to C$63.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Royal Bank Of Canada upped their price objective on shares of Ag Growth International from C$60.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, May 10th. TD Securities upped their price objective on shares of Ag Growth International from C$55.00 to C$61.00 and gave the company a “hold” rating in a research report on Wednesday, April 26th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Ag Growth International in a research report on Tuesday, May 2nd.
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Shares of Ag Growth International (TSE AFN) opened at 56.70 on Monday. Ag Growth International has a 12 month low of $39.11 and a 12 month high of $60.26. The stock has a market capitalization of $909.58 million and a price-to-earnings ratio of 45.62. The stock’s 50 day moving average price is $58.49 and its 200-day moving average price is $54.67.
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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