ATB Capital Raises Ag Growth International (TSE:AFN) Price Target to C$72.00

Ag Growth International (TSE:AFN – Get Rating) had its price objective lifted by investment analysts at ATB Capital from C$64.00 to C$72.00 in a report released on Thursday, BayStreet.CA reports. ATB Capital’s price objective indicates a potential upside of 16.32% from the stock’s current price.

A number of other analysts have also commented on AFN. National Bank Financial reissued an “outperform market weight” rating on shares of Ag Growth International in a report on Thursday, February 2nd. National Bankshares lifted their target price on Ag Growth International from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, November 10th. TD Securities lifted their target price on Ag Growth International from C$66.00 to C$77.00 and gave the stock a “buy” rating in a report on Thursday. Royal Bank of Canada raised their price target on Ag Growth International from C$55.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Cormark raised their price target on Ag Growth International from C$73.00 to C$77.00 in a research note on Thursday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$70.75.

Ag Growth International Stock Down 1.1 %

Ag Growth International stock opened at C$61.90 on Thursday. The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of -6,190.00, a PEG ratio of 1.30 and a beta of 2.31. The stock has a fifty day simple moving average of C$51.01 and a two-hundred day simple moving average of C$42.71. Ag Growth International has a 12 month low of C$28.80 and a 12 month high of C$62.80. The company has a current ratio of 1.81, a quick ratio of 0.84 and a debt-to-equity ratio of 293.33.

Ag Growth International Company Profile

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Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.