National Bankshares Lowers Ag Growth International (TSE:AFN) Price Target to C$37.00

Ag Growth International (TSE:AFN) had its price objective dropped by equities researchers at National Bankshares from C$49.00 to C$37.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 78.74% from the stock’s current price.

A number of other research firms have also commented on AFN. Cibc Captl Mkts lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. CIBC cut Ag Growth International from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from C$58.00 to C$33.00 in a research note on Monday, November 17th. Royal Bank Of Canada downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and dropped their target price for the stock from C$50.00 to C$25.00 in a report on Monday, November 17th. TD Securities upped their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the company a “buy” rating in a report on Tuesday, August 5th. Finally, Desjardins lowered their price objective on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$42.57.

Ag Growth International Price Performance

AFN opened at C$20.70 on Monday. The stock has a market cap of C$389.16 million, a P/E ratio of -57.50, a P/E/G ratio of 1.30 and a beta of 1.11. Ag Growth International has a 12 month low of C$17.93 and a 12 month high of C$55.41. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company has a fifty day simple moving average of C$31.47 and a 200 day simple moving average of C$37.61.

Ag Growth International Company Profile

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.