Ag Growth International Inc (AFN) Price Target Cut to C$63.00

Ag Growth International Inc (TSE:AFN) had its price objective cut by equities research analysts at Royal Bank Of Canada from C$65.00 to C$63.00 in a research note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential upside of 24.75% from the company’s current price.

Several other equities analysts have also commented on the stock. National Bank Financial upped their price target on shares of Ag Growth International from C$60.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. TD Securities raised shares of Ag Growth International from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$63.00 to C$72.00 in a report on Friday, August 11th. Scotiabank reduced their price objective on shares of Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a report on Monday, September 18th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$63.00 price objective on shares of Ag Growth International in a report on Thursday, September 28th. Nine investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of C$65.00.

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In other news, Director Gary Keith Anderson sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$58.54, for a total value of C$468,320.00.

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.

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