Ag Growth International (AFN) PT Set at C$62.00 by Scotiabank
Ag Growth International (TSE:AFN) has been assigned a C$62.00 price objective by equities researchers at Scotiabank in a research note issued on Thursday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s price target indicates a potential upside of 16.72% from the company’s previous close.
Several other research firms have also recently issued reports on AFN. National Bank Financial set a C$65.00 price objective on Ag Growth International and gave the stock an “outperform” rating in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a C$63.00 target price on shares of Ag Growth International in a report on Thursday, September 28th. Royal Bank of Canada reduced their target price on Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Laurentian Bank of Canada reduced their target price on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Finally, Laurentian reduced their target price on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$63.25.
Ag Growth International (AFN) traded up C$0.06 during mid-day trading on Thursday, hitting C$53.12. The stock had a trading volume of 35,107 shares, compared to its average volume of 25,431. Ag Growth International has a 1-year low of C$47.08 and a 1-year high of C$60.26. The firm has a market capitalization of $857.66, a PE ratio of 35.18 and a beta of 1.29.
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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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