Ag Growth International (AFN) PT Raised to C$70.00

Ag Growth International (TSE:AFN) had its price objective upped by equities researchers at CIBC from C$65.00 to C$70.00 in a research note issued to investors on Wednesday. CIBC’s price target points to a potential upside of 20.19% from the company’s previous close.

AFN has been the subject of several other reports. Royal Bank of Canada reduced their price target on Ag Growth International from C$63.00 to C$60.00 and set an “outperform” rating for the company in a report on Monday, November 13th. Laurentian reduced their price target on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Laurentian Bank of Canada reduced their price target on Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Scotiabank set a C$62.00 price target on Ag Growth International and gave the company an “outperform” rating in a report on Thursday, January 4th. Finally, National Bank Financial set a C$65.00 price target on Ag Growth International and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$64.50.

Shares of Ag Growth International (TSE:AFN) traded up C$1.52 during trading on Wednesday, hitting C$58.24. The stock had a trading volume of 73,784 shares, compared to its average volume of 56,734. The firm has a market cap of $940.81, a price-to-earnings ratio of 38.57 and a beta of 1.29. Ag Growth International has a fifty-two week low of C$47.08 and a fifty-two week high of C$60.26.

In related news, Director Gary Keith Anderson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$53.45, for a total value of C$320,700.00. Also, insider Timothy Jackson Close bought 1,298 shares of Ag Growth International stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of C$50.24 per share, with a total value of C$65,211.52.

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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.

Analyst Recommendations for Ag Growth International (TSE:AFN)

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