AGT Food and Ingredients Inc (AGT) Receives Average Rating of “Hold” from Analysts

Shares of AGT Food and Ingredients Inc (TSE:AGT) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$24.00.

AGT has been the subject of several recent analyst reports. Scotiabank lowered their price target on AGT Food and Ingredients from C$23.00 to C$21.50 and set a “sector perform” rating for the company in a report on Tuesday, November 7th. Raymond James Financial lowered their price target on AGT Food and Ingredients from C$30.00 to C$22.00 and set a “market perform” rating for the company in a report on Tuesday, November 7th. National Bank Financial lowered their price target on AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. CIBC decreased their price objective on AGT Food and Ingredients from C$32.00 to C$28.00 in a report on Friday, October 13th. Finally, AltaCorp Capital downgraded AGT Food and Ingredients from a “sector perform” rating to an “underperform” rating in a report on Monday, November 6th.

Shares of AGT Food and Ingredients (TSE:AGT) opened at C$20.86 on Wednesday. AGT Food and Ingredients has a fifty-two week low of C$17.85 and a fifty-two week high of C$37.46. The stock has a market capitalization of $624.77, a PE ratio of -15.12 and a beta of 0.21.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 11th. Stockholders of record on Friday, December 29th will be given a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.88%. AGT Food and Ingredients’s payout ratio is -43.48%.

TRADEMARK VIOLATION NOTICE: “AGT Food and Ingredients Inc (AGT) Receives Average Rating of “Hold” from Analysts” was published by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://www.com-unik.info/2017/12/27/agt-food-and-ingredients-inc-agt-receives-average-rating-of-hold-from-analysts.html.

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)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit