Ag Growth International Inc (TSE:AFN) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$70.29.
Several equities research analysts have recently commented on the company. TD Securities lowered their target price on Ag Growth International from C$80.00 to C$78.00 and set an “action list buy” rating for the company in a research note on Friday, October 26th. National Bank Financial reissued an “outperform” rating and issued a C$71.00 target price on shares of Ag Growth International in a research note on Friday, October 26th. Raymond James lifted their price objective on Ag Growth International from C$65.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday, November 8th. Desjardins reaffirmed a “buy” rating on shares of Ag Growth International in a research note on Wednesday, February 6th. Finally, Royal Bank of Canada decreased their price objective on Ag Growth International from C$70.00 to C$65.00 and set an “outperform” rating for the company in a research note on Friday, November 9th.
Shares of TSE AFN traded up C$0.01 during midday trading on Tuesday, hitting C$57.56. The stock had a trading volume of 94,200 shares, compared to its average volume of 48,634. The stock has a market capitalization of $1.06 billion and a P/E ratio of 26.57. Ag Growth International has a fifty-two week low of C$43.76 and a fifty-two week high of C$64.72. The company has a debt-to-equity ratio of 203.59, a quick ratio of 0.88 and a current ratio of 2.01.
About Ag Growth International
Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.
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