AGT Food and Ingredients Inc (AGT) Given Average Recommendation of “Hold” by Brokerages

Shares of AGT Food and Ingredients Inc (TSE:AGT) have earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is C$23.80.

A number of brokerages have weighed in on AGT. Raymond James Financial decreased their price target on AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating for the company in a report on Tuesday, January 9th. National Bank Financial reduced their target price on AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. BMO Capital Markets reduced their target price on AGT Food and Ingredients from C$35.00 to C$27.50 in a research note on Tuesday, November 7th. AltaCorp Capital downgraded AGT Food and Ingredients from a “sector perform” rating to an “underperform” rating in a research note on Monday, November 6th. Finally, Scotiabank reduced their target price on AGT Food and Ingredients from C$23.00 to C$21.50 and set a “sector perform” rating for the company in a research note on Tuesday, November 7th.

Shares of AGT Food and Ingredients (AGT) opened at C$19.99 on Thursday. AGT Food and Ingredients has a 1-year low of C$17.85 and a 1-year high of C$35.53. The firm has a market capitalization of $484.49, a PE ratio of -14.49 and a beta of 0.27.

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About AGT Food and Ingredients

AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.

Analyst Recommendations for AGT Food and Ingredients (TSE:AGT)

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