AGT Food and Ingredients (AGT) Price Target Lowered to C$21.00 at Raymond James Financial

AGT Food and Ingredients (TSE:AGT) had its price objective reduced by Raymond James Financial from C$22.00 to C$21.00 in a research report sent to investors on Tuesday morning. They currently have a market perform rating on the stock.

A number of other analysts also recently commented on AGT. CIBC decreased their price objective on shares of AGT Food and Ingredients from C$32.00 to C$28.00 in a report on Friday, October 13th. BMO Capital Markets decreased their price objective on shares of AGT Food and Ingredients from C$35.00 to C$27.50 in a report on Tuesday, November 7th. National Bank Financial decreased their price objective on shares of AGT Food and Ingredients from C$33.00 to C$25.00 and set an outperform rating on the stock in a report on Tuesday, November 7th. Scotiabank decreased their price objective on shares of AGT Food and Ingredients from C$23.00 to C$21.50 and set a sector perform rating on the stock in a report on Tuesday, November 7th. Finally, AltaCorp Capital downgraded shares of AGT Food and Ingredients from a sector perform rating to an underperform rating in a report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of C$23.80.

Shares of AGT Food and Ingredients (AGT) opened at C$21.62 on Tuesday. The company has a market cap of $647.54, a PE ratio of -15.67 and a beta of 0.22. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Thursday, December 28th. AGT Food and Ingredients’s payout ratio is currently -43.48%.

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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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