Ag Growth International (TSE:AFN) had its target price boosted by analysts at CIBC from C$65.00 to C$70.00 in a report released on Wednesday. CIBC’s price target would indicate a potential upside of 20.56% from the company’s current price.

A number of other brokerages also recently weighed in on AFN. Scotiabank decreased their target price on shares of Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Monday, September 18th. Raymond James Financial reaffirmed an “outperform” rating and set a C$63.00 target price on shares of Ag Growth International in a research note on Thursday, September 28th. Royal Bank of Canada decreased their target price on shares of Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. National Bank Financial decreased their target price on shares of Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Monday, November 13th. Finally, TD Securities decreased their target price on shares of Ag Growth International from C$72.00 to C$68.00 and set an “action list buy” rating for the company in a research note on Monday, November 13th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$64.50.

Shares of Ag Growth International (AFN) traded up C$1.34 on Wednesday, reaching C$58.06. 95,522 shares of the company’s stock traded hands, compared to its average volume of 43,517. Ag Growth International has a twelve month low of C$47.08 and a twelve month high of C$60.26. The stock has a market capitalization of $937.90, a price-to-earnings ratio of 38.45 and a beta of 1.29.

In other Ag Growth International news, insider Timothy Jackson Close purchased 1,298 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average price of C$50.24 per share, for a total transaction of C$65,211.52. Also, Director Gary Keith Anderson sold 6,000 shares of Ag Growth International stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of C$53.45, for a total transaction of C$320,700.00.

WARNING: This story was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/10/ag-growth-international-afn-price-target-raised-to-c70-00-at-cibc.html.

About Ag Growth International

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.

Analyst Recommendations for Ag Growth International (TSE:AFN)

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.