Royal Bank Of Canada Raises Agrium Inc. (AGU) Price Target to C$140.00
Agrium Inc. (TSE:AGU) (NYSE:AGU) had its price objective hoisted by research analysts at Royal Bank Of Canada to C$140.00 in a research note issued on Friday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 9.29% from the stock’s previous close.
Separately, AltaCorp Capital reiterated a “sector perform” rating on shares of Agrium in a report on Thursday, June 22nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of C$114.75.
Agrium (AGU) traded up 2.15% during midday trading on Friday, reaching $128.10. 1,418,972 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $123.45 and its 200 day moving average is $124.56. The stock has a market cap of $17.70 billion and a P/E ratio of 30.90. Agrium has a 1-year low of $115.16 and a 1-year high of $146.99.
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In related news, insider Steven James Douglas sold 10,000 shares of the stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$122.60, for a total transaction of C$1,226,000.00.
Agrium Company Profile
Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.
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